MANILA – The Philippine central bank wants inflation firmly settled near the middle of its 2.0%-4.0% target range, its governor said on Tuesday.
“We are hawkish, but less than before,” Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona told the Reuters Global Markets Forum.
Mr. Remolona said the central bank is happy where inflation is going, adding policymakers were more concerned about inflation than growth.
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