• The Philippine central bank is ready to use all tools necessary to tame inflation back toward its goal as it is beginning to see the risk of price-growth expectations being disanchored, Senior Assistant Governor Iluminada Sicat says.
• Says the Bangko Sentral ng Pilipinas remains prepared to take all necessary action with all available tools to bring inflation back to the 2%-4% target over medium term
• Raising interest rates is part of BSP’s “pragmatic approach” to help bring inflation to target and smooth FX volatility, Sicat says at a forum in Manila