Multilateral organization International Monetary Fund (IMF) said that the current monetary policy stance of the Bangko Sentral ng Pilipinas (BSP) remains appropriate, as its inflation outlook for the Philippines is still within the central bank’s target band.
In a recent press briefing, IMF Resident Representative to the Philippines Shanaka Jayanath Peiris said that the multilateral has raised its inflation outlook for the country this year to 4.4 percent from an earlier estimate of 3.5 percent.
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