• Philippine central bank may increase key rate by 50 basis points at its March 23 meeting if February inflation due March 7 breaches 9%, Governor Felipe Medalla says.
• Bangko Sentral ng ng Pilipinas has “to do something” if price gains reach that level; any move will be data dependent, Medalla tells reporters in Manila
• Inflation will likely return to the central bank’s target in 4Q, he says