Philippine Central Bank governor says growth has stalled, but not significantly, and inflation is seen around 3% in the next two years, while concern increases if it moves beyond 3%

Philippine Central Bank governor says growth has stalled, but not significantly, and inflation is seen around 3% in the next two years, while concern increases if it moves beyond 3%.

The Philippine Central Bank governor's comments suggest a cautious outlook, signaling that while growth has stalled, it is not severe. The inflation forecast stabilizing around 3% offers some reassurance, but it emphasizes a potential alert if inflation surpasses this level, which could impact monetary policy and fixed income markets moving forward.