Philippines Hikes Rate as War Sends Inflation Past Target


The latest move officially ends a lengthy easing cycle that began in August 2024 and highlights how quickly risks have escalated for the Philippines, which imports nearly all of its oil requirements from the Middle East. Even with the hike, the central bank warned that average headline inflation is expected to breach the 2%-4% target for both 2026 and 2027.



Source link

  • Related Posts

    UK Finance Unit Sets Up $1.5 Billion Fund for Asia Energy Supply

    “The climate battle will really be won by whether we succeed in Asia,” said Leslie Maasdorp, CEO of BII, which has net assets of £9.87 billion. “These are fast-growing economies.…

    Deutsche Telekom’s CEO Lays Groundwork for Career-Defining Deal

    Former T-Mobile CEO John Legere, who ran the company from 2012 to 2020, said at a conference in 2014 that his bright pink T-shirt and sneakers stuck out at Deutsche…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to follow FA Cup semi-finals on the BBC

    How to follow FA Cup semi-finals on the BBC

    Stranger Things: Tales from ’85 review: The best Stranger Things season since 2019

    Stranger Things: Tales from ’85 review: The best Stranger Things season since 2019

    L’Oréal Stock Rises Sharply in Wake of Q1 Results

    L’Oréal Stock Rises Sharply in Wake of Q1 Results

    The Generals Who Are Now Running Iran

    The Generals Who Are Now Running Iran

    EU set to sign off €90bn loan for Ukraine and fresh Russia sanctions – Europe live | US-Israel war on Iran

    EU set to sign off €90bn loan for Ukraine and fresh Russia sanctions – Europe live | US-Israel war on Iran

    Elon Musk admits millions of Tesla owners need upgrades for true ‘Full Self-Driving’

    Elon Musk admits millions of Tesla owners need upgrades for true ‘Full Self-Driving’