Analysts: Inflation likely hit 7.7% in Oct
FROM THE WIRE · MANILATIMES.NET
INLATION may have accelerated further in October as higher transport, fuel and food costs, coupled with the weakening peso, added to price pressures, economists said, potentially prompting the Bangko Sentral ng Pilipinas (BSP) to raise interest rates again in December.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher inflation could prompt the central bank to raise rates again, weighing on local assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Economists say inflation may have accelerated further in October.
- 02Higher transport, fuel and food costs, plus a weaker peso, added to price pressures.
- 03The BSP could raise interest rates again in December.