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Marcos Talks About Prices, Peso, Policy Rate After Philippine Cabinet Meet

 Ferdinand Marcos Jr.

 Ferdinand Marcos Jr.

Photographer: Ezra Acayan/Getty Images

Philippine President Ferdinand Marcos Jr. said the nation’s monetary policy is to use interest rates to control inflation, adding that officials don’t look at a specific exchange rate. 

“What we are specifically talking about, targeting, is the inflation rate,” Marcos said at a briefing Tuesday, after his first Cabinet briefing. “We are not looking specifically at the exchange rate.”