Philippines central bank chief sees inflation closer to 3% in late 2023, 2024

Philippines central bank chief sees inflation closer to 3% in late 2023, 2024
Bangko Sentral ng Pilipinas Governor Felipe Medalla poses for a photograph in his office at Manila, Philippines, November 18, 2022. REUTERS/Eloisa Lopez/Files

MANILA : Philippine inflation is likely to be closer to 3 per cent in late-2023 and in 2024, central bank governor Felipe Medalla said on Tuesday.

Medalla, speaking at a media forum, also said the economy remained strong and that pent-up domestic demand will continue driving growth.

 

Source: Reuters