(Bloomberg) -- Philippines' inflation held near a seven-year low and central bank Governor Amando Tetangco said the outlook for containing price increases remains favorable, indicating the bank doesn't plan to raise rates soon.
The consumer price index rose 2.3 percent from a year earlier, climbing from 2.2 percent in March, according to the National Statistics Office. That compares with the 2.4 percent median estimate of 13 economists surveyed by Bloomberg News.
Read more at Bloomberg Emerging Markets News
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