Philippine inflation to settle around 3.2% in 2024, finance minister says
Tweet
Share
E-mail
FILE PHOTO: Onions are displayed at a stall at a public market in Manila, Philippines, January 28, 2023. REUTERS/Lisa Marie David/File Photo
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.
"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.
(Reporting by Mikhail Flores and Karen Lema; Editing by Martin Petty)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Swedish police probe online networks after teenage girl killed in school sword attack
- Analysis-Trump heads into midterms short on foreign policy wins
- Iranian official urges Qatar to move detained pilots to hospital on land
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
