Inflation drops to 6% in Novhome/Business/Top Business/Inflation drops to 6% in NovGovt takes credit; BSP expected to pause from hiking interest ratesHeadline inflation slowed to a four-month low of 6.0 percent in November, the Philippines Statistics Authority (PSA) announced on Wednesday, raising expectations that monetary authorities would hold off from raising key interest rates anew before the year ends. This makes us even more determined in curbing inflation and enforcing all measures to guarantee food security,” they added. PSA data showed that core inflation, which excludes selected food and energy items, rose to 5.1 percent from 4.9 percent in October. “Monetary policy will need to stay vigilant to keep inflation under firm control amid expected strong economic growth,” Espenilla said. Rate hike pauseSome analysts now expect the central bank to hold off from hiking key interest rates following the inflation result.

Source: Manila Times December 05, 2018 16:33 UTC