Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco said Friday the country’s inflation outlook remains "favorable" and indicated he’s also comfortable with the peso’s movements.
Inflation projections are "quite comfortable relative to the target range" of 3.5%-5.5% for this year and 4%-5% for 2011, Tetangco told CNBC in an interview. "There is room for inflation relative to the inflation target."
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