Reported 21 days ago
Philippine inflation rose by 2.3% year-on-year in October, matching economists' expectations and keeping within the central bank's target range. This increase, primarily driven by higher food prices, gives the Bangko Sentral ng Pilipinas the opportunity to continue its easing cycle. With an average inflation rate of 3.3% over the past ten months, the central bank is considering a further rate cut next month, despite potential risks from recent weather disturbances affecting food supply.
Source: YAHOO