MANILA, March 26 (Reuters) – The Philippines’ central bank sees the country’s inflation challenges as more “manageable” than those of some nations, with inflation expectations remaining anchored to the target, its governor said on Saturday.
“Since inflation pressures are coming from supply-side factors, a monetary response in terms of policy rate adjustment is neither appropriate nor responsive,” central bank Governor Benjamin Diokno said in a statement, two days after leaving key rates PHCBIR=ECI steady at a record low 2.0%. nL2N2VR0CM
(Reporting by Neil Jerome Morales, Editing by Timothy Heritage)
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This article originally appeared on reuters.com