BSP: Monetary policy to stay ‘sufficiently tight’

February 7, 2024 - 1:42 PM
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(Photo from BusinessWorld)

 The Philippine central bank said on Tuesday monetary policy would have to stay sufficiently tight until a sustained downward trend in inflation becomes evident.

Annual inflation was at 2.8% in January, versus 3.9% in the previous month, government data showed.

— Reporting by Mikhail Flores; Editing by Kanupriya Kapoor