Philippines confirms inflation target for 2012–14

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The Central Bank of the Philippines on February 24 announced the government had confirmed the continuation of the current inflation target for the country.

The Development Budget Coordination Committee (DBCC), the government's inter-agency economic planning body, in a resolution dated February 22, 2012, approved the retention of the inflation target of 4 ± 1% for 2012–14.

Under the inflation targeting framework for monetary policy in place in the Philippines, the targets for inflation are set by

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