• Philippine inflation is expected “to decelerate in the latter part of 2023,” Finance Secretary Benjamin Diokno tells reporters, as he assured that the government is “on top” of the situation.
• Government will intensify efforts to cool inflation, he says in a message after the latest inflation data
• Government is ensuring fiscal policy “avoids adding up to aggregate demand that risks further inflation by maintaining fiscal responsibility”
• President Ferdinand Marcos Jr. “remains on top of the situation as the administration continues to adopt a whole-of-government approach to tame inflation especially on key food items,” says Diokno, who also sits on the central bank’s board