Philippine c.bank prepared for pre-emptive action to combat inflation

MANILA, April 5 (Reuters) – The Philippines’ central bank is prepared to take pre-emptive action as needed if inflation expectations become at risk of being “disanchored”, its governor said on Tuesday.

Favourable signs of economic recovery will allow the central bank to consider policy adjustments in its monetary stance, Governor Benjamin Diokno told a news conference.

The Philippines’ consumer price index rose 4.0% last month from a year earlier, near the upper end of the central bank’s projected range of 3.3% to 4.1% for the month.

(Reporting by Neil Jerome Morales
Editing by Ed Davies)

((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))