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PHILIPPINES INFLATION NEAR 14-YEAR HIGH; MORE RATE HIKES SEEN
“We expect the central bank to hike again in December, likely matching any move from the Fed to close out the year” - Nicholas Mapa (ING Senior Economist)
Philippine inflation accelerated to its fastest pace in nearly 14 years in October and the rate is likely to rise further, the statistics agency said on Friday, backing expectations the central bank will keep tightening monetary policy.
Read more: https://business.inquirer.net/371281/philippines-october-inflation-at-highest-since-december-2008#ixzz7jfMxgsXV
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