MANILA : The Philippine central bank's primary concern is inflation, its governor told CNBC Asia TV on Friday.Interest rate hikes were meant to increase the chances of a lower than 4 per cent year-on-year inflation by the end of 2023, said Bangko Sentral ng PIlipinas Governor Felipe Medalla, a day after r
MANILA : The Philippine central bank's primary concern is inflation, its governor told CNBC Asia TV on Friday.
Interest rate hikes were meant to increase the chances of a lower than 4 per cent year-on-year inflation by the end of 2023, said Bangko Sentral ng PIlipinas Governor Felipe Medalla, a day after raising benchmark rates by 50 basis points.
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