Philippines central bank reviews inflation target

The governor of the Philippine central bank Rafael Buenaventura said on Thursday that the inflation target may be revised down as previous concerns such as high oil prices no longer existed.

Source: Dow Jones

Philippine Central Bank Governor Rafael Buenaventura Thursday confirmed that the country's official inflation target of 4.5%-5.5% for the year is under review and may be revised down.

"There is a reason to review the inflation target considering the concerns before - such as high oil prices