As inflation soars, Philippines central bank says it's ready to take pre-emptive action

Government officials said on Tuesday that inflation in the Philippines reached the upper end of the official 2-4 per cent target in March.

"We are still on track despite the Russia-Ukraine crisis. We are still looking at the second half of the year for our normalisation strategy," said bank governor Benjamin Diokno.

Our correspondent Michael Beltran reports from Manila: https://bt.sg/3Nns