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Philippine inflation stays low, prompting forecasts for additional interest rate cuts this year.
Philippine inflation remains below the 2-4% target range, prompting analysts to anticipate two more interest rate cuts this year.
The Bangko Sentral ng Pilipinas has already reduced policy rates by 50 basis points, bringing the benchmark rate to 5.25%.
Analysts forecast inflation to average below 2% this year, with potential risks coming from US monetary policy and a recent minimum wage hike.
Despite a slight increase in June due to higher utilities and education costs, inflation is expected to slow further.
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La inflación filipina se mantiene baja, provocando pronósticos de recortes adicionales en las tasas de interés este año.