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

11:57 pm Wednesday, July 27th, 2022

MANILA (Reuters) – 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.

(Reporting by Neil Jerome Morales; Editing by Ed Davies)

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