Central Bank of the Philippines sets policy scenarios considering weather anomalies and oil price fluctuations
- 1Elma Remolona, Governor of the Central Bank of the Philippines, said policy will be set based on scenarios considering the severity of oil prices and weather anomalies.
- 2The Philippine Statistics Authority reported that the Philippine inflation rate recorded 7.2% in September.
- 3Aris Daknai, Chief ASEAN Economist at HSBC Bank, predicted that interest rates should be raised to 5.25% next week.
So what's the key point?
The economic situation is changing as Philippine inflation reached 7.2%. Experts expect interest rates to be raised to 5.25% next week.
Source CNBC · View original ↗
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