INFLATION likely settled within 2.0-2.8 percent last month due to lower food and fuel prices along with a strengthening of the peso, the Bangko Sentral ng Pilipinas (BSP) said late on Monday.
INFLATION likely settled within 2.0-2.8 percent last month due to lower food and fuel prices along with a strengthening of the peso, the Bangko Sentral ng Pilipinas said late on Monday.'Negative base effects, along with lower prices of food commodities including rice, meat and vegetables as well as lower domestic oil prices and the appreciation of the peso, are the primary sources of downward price pressures for the month,' the central bank said in a statement.
6 percent, also due to lower fuel and food prices coupled with favorable base effects.Official September inflation data will be released by the Philippine Statistics Authority this Friday.A continued slowdown could lead to further rate cuts by the BSP's policymaking Monetary Board, which initiated an easing cycle in August via a 25-basis-point reduction.Central bank Governor Eli Remolona Jr. has said that two more 25 bps cuts are likely before the end of the year.
Sept Inflation Likely Fell To 2.0-2.8%
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