Annual inflation at 14-year highs in the Philippines will likely ease to below 4 per cent by the third quarter and then 2 per cent by early next year, as aggressive tightening and supply-side intervention take root, its central bank governor said on Monday.'We expect to be very successful in bringing down
Annual inflation at 14-year highs in the Philippines will likely ease to below 4 per cent by the third quarter and then 2 per cent by early next year, as aggressive tightening and supply-side intervention take root, its central bank governor said on Monday.
Medalla noted the country's high inflation is fuelled by supply shocks, so the government's plan to speed up importation of certain commodities like onion and sugar, on top of tighter policy, should help tackle soaring prices.
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