Philippines and Thailand face inflation slowdowns due to declining global oil prices.

The Philippines and Thailand are projected to see significant inflation slowdowns due to declining global oil prices, with a 5% drop in pump prices potentially lowering inflation by 0.12 points in the Philippines and 0.30 in Thailand. The average Brent crude price has fallen 7% since August, affecting inflation dynamics in various Asian economies. The report suggests that easing oil prices may lead to deeper interest rate cuts in the region.

September 23, 2024
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