Philippines central bank expects to hit inflation target
Latest forecasts suggest inflation will return to lower half of target range soon
The Central Bank of the Philippines expects inflation to settle within the lower half of its 2–4% target range both this year and next, according to its latest inflation report, published today (July 23).
Headline inflation slowed to 1.7% in the second quarter, falling below the target range, although the central bank expects it to edge up again in the coming months.
The central bank pointed to "moderate" increases in food prices and lower electricity costs as the main factors behind the falling
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