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The Bangko Sentral ng Pilipinas said Tuesday September inflation likely settled within a range of 2 percent to 2.8 percent.
“These are expected to offset the higher prices of fish and fruits and electricity rates. Going forward, the Monetary Board will continue to take a measured approach in ensuring price stability conducive to balanced and sustainable growth of the economy and employment,” it said. “However, potential risks from oil and typhoons may keep the BSP cautious about interest rate cuts,” Roces said.
BSP Governor Eli Remolona Jr. earlier hinted the central bank may cut the overnight borrowing rate by 50 basis points in the next two policy meetings.
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