Philippine central bank ready to raise rates if necessary – governor

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The Philippine central bank is ready to raise interest rates if necessary as the country is not yet out of the inflation woods, its governor said. | Reuters

July’s inflation print brought year-to-date inflation to 6.8 percent, well outside the central bank’s 2 percent-4 percent target for the year.

Crop losses due to typhoons, wage and transport fare increases pose upside risks to inflation, Remolona said.

Source: Loan Digest (loandigest.net)

 

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