The Philippine central bank said it was ready to tighten monetary policy as necessary to keep a lid on price pressures, after data on Friday showed inflation remains above target.
The consumer price index in July slowed to 4.7 per cent, statistics agency data showed, the lowest since March 2022, due to slower increases in food and utility costs. That compared with 5.4 per cent in June and was below forecasts of 5 per cent in a Reuters poll.
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