MANILA, Feb 7 (Reuters) - The Philippine central bank
said on Tuesday it remains focused on restoring inflation to
within the government's target, and stands ready to adjust its
monetary policy settings, after inflation hit a fresh 14-year
high in January.
The latest inflation figure points to a need for sustained
efforts to combat price pressures, particularly through
non-monetary government measures, the central bank said in a
statement ahead of its Feb. 16 meeting to review its key policy
rate which is currently at 5.5%, having risen a
total 350 basis points in 2022.
(Reporting by Neil Jerome Morales and Karen Lema; Editing by
Kanupriya Kapoor)
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