Philippine central bank to use “full force” of measures to tackle inflation risks

Philippine central bank to use "full force" of measures to tackle inflation risks
FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco

MANILA : Philippine’s central bank is ready use the “full force of available measures” and take all necessary monetary policy actions to combat inflation, its governor said on Thursday, after the U.S. Federal Reserve hiked rates by 75 basis points.

The robust economic prospects of the Philippines continued to provide room for further tightening of monetary policy, central bank Governor Felipe Medalla said in a statement.

Source: Reuters