MANILA – The Philippine central bank expects inflation to ease back to within its 2%-4% target band next year, from a projected average of 5% this year, its governor said on Friday.
Bangko Sentral ng Pilipinas chief Felipe Medalla, speaking at a business forum, also said the peso-dollar exchange rate will continue to be “flexible” and market-determined.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Ed Davies)