- Philippine central bank sees headline inflation reverting to 2%-4% target by yearend barring any supply shocks, Deputy Governor Francis Dakila says at livestreamed speech at economic forum in Dubai.
- Bangko Sentral ng Pilipinas remains ready to respond, as needed, to any risk to achieving inflation target, Dakila says
- While inflation expectations are anchored within target band for 2024 and 2025, risks to outlook tilted to upside this year and next
- BSP’s previous monetary policy tightening still working its way through the economy
- Central bank remains committed to market-determined peso, and only participates in foreign exchange market when currency is volatile and becomes risk to inflation