MANILA : Philippine inflation 'most likely' peaked in January but the central bank cannot rule out another surprise supply shock, its governor said on Wednesday.January inflation, which hit a fresh 14-year high at 8.7 per cent, was higher than the top end of the central bank's forecast, Governor Felipe Me
MANILA : Philippine inflation"most likely" peaked in January but the central bank cannot rule out another surprise supply shock, its governor said on Wednesday.
January inflation, which hit a fresh 14-year high at 8.7 per cent, was higher than the top end of the central bank's forecast, Governor Felipe Medalla told reporters. The central bank on Monday reiterated its readiness to adjust its monetary policy to anchor inflation expectations. Its first rate-setting meeting is scheduled for Feb. 16, with economists now flagging a higher chance that the central bank will deliver a larger interest rate hike to tame prices.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine Jan annual inflation accelerates to 8.7%MANILA : Philippine inflation accelerated to a fresh 14-year high in January, the statistics agency said on Monday, keeping the pressure on the central bank to tighten monetary policy.The consumer price index (CPI) rose 8.7 per cent in January, way above the 7.7 per cent forecast in a Reuters poll and top
Read more »
Philippine inflation beats expectations, lifts chance of bigger rate hikeMANILA : Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month. The consumer price index (CPI) rose 8.7 per cent in January, t
Read more »
Love of sea turtles turns Philippine poachers into protectorsLA UNION, Philippines: Armed with a wooden stick, a bucket and a headlamp, Philippine construction worker Johnny Manlugay hunts every night for the eggs of sea turtles on the pristine beaches of the norther
Read more »
Love of sea turtles turns Philippine poachers into protectorsAsiaOne has launched EarthOne, a new section dedicated to environmental issues — because we love the planet and we believe science. Find articles like this there. LA UNION, Philippines — Armed with a wooden stick, a bucket and a headlamp, Philippine construction worker Johnny Manlugay hunts every night for the eggs of sea turtles on the pristine beaches of the...
Read more »
Taiwan exports seen contracting for fifth straight month in January: Reuters pollTAIPEI : Taiwan's exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll.Taiwan, a global hub for chip production and a key supplier to Apple
Read more »
Navas steals limelight on mixed weekend for January signingsLONDON : Nottingham Forest have signed a mind-boggling 29 players since the summer in their bid to ensure their return to the Premier League is not a short one but perhaps the most important will be Costa Rica goalkeeper Keylor Navas.The former Real Madrid stopper was one of the most intriguing signings i
Read more »