MANILA – ThePhilippinescentral bank expects November annual inflation to be in a range of 7.4 percent to 8.2 percent, reflecting upward price pressures from electricity and agricultural products, it said on Tuesday.
Inflation, which hit its highest in nearly 14 years at 7.7 percent in October, is expected to decelerate gradually in the following months as cost-push shocks owing to bad weather dissipate, the central bank added.
Also on Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said the central bank may pause its interest rate hikes in the first quarter of next year if there are “no major shocks.”
The Bangko Sentral ng Pilipinas has raised policy rates six…
Keep on reading: Philippines central bank sees November inflation at 7.4-8.2%