Inflation in the Philippines likely sizzled and jumped above the upper end of central bank Bangko Sentral ng Pilipinas’ (BSP) two-to-four per cent target range of manageable price hikes last month.
Inflation likely breached the government’s two to four percent target range, which may finally prompt the Bangko Sentral ng Pilipinas to hike interest rates and join other centralbanks in the tightening cycle as early as May, according to economists.
Rates likely to stay on hold — poll - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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The Department of Finance (DOF) said that most private sector institutions have overshot their September inflation forecasts, noting that analysts appeared to have expected the worst last month. In a statement, the DOF said on Monday, Oct. 11, that analysts from the private sector had a median i