MANILA: The National Economic and Development Authority (Neda) warns that the El Niño phenomenon, which is characterised by prolonged dry weather, is expected to develop as early as next month and threaten the country’s food production, especially of rice.
The Bangko Sentral ng Pilipinas is likely to gradually slash interest rates after aggressive rate hikes over the past year to fight inflation and stabilize the peso.
DBCC hikes 2023 inflation projection to 5-7% - Samachar Central samacharcentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samacharcentral.com Daily Mail and Mail on Sunday newspapers.