AN export group has urged the central bank to broaden its inflation target range to as much as 5 percent, instead of keeping it within the 2 percent to 4 percent band, to allow the economy to grow further.
Given a growing economy like that of the Philippines, “I think they [the Bangko Sentral ng Pilipinas (BSP)] should allow it to go up by 5 percent, so that there will be more activities in the market,” Sergio Ortiz-Luis Jr., president of Philippine Exporters Confederation Inc. (PhilExport) told reporters on March 31.
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