Central bank says 2010 growth not inflationary

Reuters

Posted at Aug 03 2010 12:41 PM | Updated as of Aug 03 2010 08:41 PM

MANILA, Philippines - Inflation remains benign and was likely to fall within target ranges in 2010 and 2011 and the next despite expectations of higher-than-expected economic growth this year, central bank governor Amando Tetangco said on Tuesday.

Tetangco said the favorable inflation outlook gives authorities policy flexibility.