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
- Canada’s Project Jasper to explore clearing of securities in third phase
- Treasury committee to investigate BoE’s lack of diversity
- Fed’s Powell: banks still have important role in payments
- Bank of Portugal sells majority share in ‘good bank’
- Xi sees renminbi taking greater role in global monetary system