Inflation in the Philippines slowed to 3.7% YoY in June, within the central bank's target range, potentially supporting a rate cut in August.
Inflation in the Philippines slowed to 3.7% year-over-year in June, down from 3.9% in May, and within the central bank's 2-4% target range. This trend supports the possibility of a rate cut as early as August, according to BSP Governor Eli Remolona. The latest inflation print shows deflation in housing, water, electricity, gas, transport, and restaurants and accommodation services.
July 05, 2024
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