MANILA, Philippines —
“This was a much-awaited change, and could significantly lower inflation significantly once implemented, including indirectly via more food supply stability,” Chutchotitham said. Headline inflation quickened for the fourth straight month to 3.9 percent in May from 3.8 percent in April. This brought the average inflation to 3.5 percent from January to May, well within the two to four percent target range of the Bangko Sentral ng Pilipinas .“Notably, the NEDA Board has approved the rice tariff reduction from 35 percent to 15 percent through 2028, which could bring down inflation significantly once implemented,” she said.
Citi is not expecting the BSP Monetary Board to cut interest rates this month as inflation for the bottom 30 percent income households was unchanged at 5.3 percent year-on-year in May, mainly due to high food inflation. With the Philippines working to become an upper middle-income economy in the coming years, it is undeniable that the private sector plays a vital role in pursuing growth initiatives and driving innovation at th
Ayala Land Inc. president and chief executive officer Anna Ma. Margarita Dy was recognized as Asia’s Best CEO by the...
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