PHOTO
A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. Romeo Ranoco, Reuters Image for illustrative purpose.
Philippine central bank governor Felipe Medalla said on Friday he still expects inflation to return to within a target range by the fourth quarter of this year.
Medalla said Bangko Sentral ng Pilipinas' (BSP) next rate hike could be 25 or 50 basis points depending on the latest economic data. If inflation exceeds 9%, a 50 bps rate hike may be possible, he told reporters.
Inflation in January stood at 8.7%. (Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor, Ed Davies)
