“August inflation figure was well within our forecast range and helps to keep us on track to the path of within target inflation for 2016 and 2017,” Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said.



He added monetary authorities would continue to monitor the price of all in the world market, as well as the impact of the prolonged El Niño that is expected to last until the first quarter of 2016.



“We’re also mindful of global developments and their effects on domestic liquidity,” he said.