Philippine inflation to settle around 3.2% in 2024, finance minister says

10/04/2024

Less than a minute

2024.10.04 02:55

MANILA (Reuters) – The Philippines’ inflation rate could settle around 3.2% this year, its finance minister said on Friday, giving room for the central bank to further cut rates.

© Reuters. FILE PHOTO: Onions are displayed at a stall at a public market in Manila, Philippines, January 28, 2023. REUTERS/Lisa Marie David/File Photo

“This gives the BSP more room to be aggressive in its monetary policy easing to help the economy grow at a faster rate and support the government in increasing its revenue collections,” Finance Minister Ralph Recto said in a statement.

Inflation was at 1.9% in September, the slowest in more than four years.

10/04/2024

Less than a minute

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