Philippine headline inflation was expected to ease for a sixth straight month with the central bank on Monday projecting the rate in July to come in between 4.1 percent and 4.9 percent, down from 5.4 percent in June. | Reuters
MANILA – Philippine headline inflation was expected to ease for a sixth straight month with the central bank on Monday projecting the rate in July to come in between 4.1 percent and 4.9 percent, down from 5.4 percent in June.
Ahead of the data release on Aug. 4, however, Bangko Sentral ng Pilipinas’ Governor Eli Remolona said on Friday it was too soon to declare victory in the battle to curb consumer price pressures, as core inflation, which was at 7.4 percent in June, remained high while upside risks persist.
The BSP, which next meets on Aug. 17 to review policy, said it will continue monitoring developments affecting the outlook for inflation and economic growth in line with its data-dependent approach to monetary policy formulation.
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