Philippine annual inflation slows to 5.4% in June
MANILA :Philippine annual inflation eased for a fifth straight month in June, supporting expectations the central bank will keep rates unchanged for longer as food and transport cost pressures ease.
The Bangko Sentral ng Pilipinas said the slower pace of price increases was consistent with its expectation inflation will gradually return to its 2 per cent-4 per cent target in the fourth quarter barring sudden supply shocks. "The BSP stands ready to adjust the monetary policy stance as necessary to prevent the further broadening of price pressures," it said in a statement.
The central bank kept its key policy rate steady at 6.25 per cent at its last two meetings in June and May, and it has signalled the rate could stay there longer with inflation on an easing trend.
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Philippine annual inflation slows to 5.4% in JuneMANILA : Philippine annual inflation eased for a fifth straight month in June, the statistics agency said on Wednesday, reflecting a slower rise in food and transport costs. The consumer price index was up 5.4 per cent in June, its slowest pace annually since April, but the rate remained outside the centr
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