Home / World News / Philippine CPI eases to 3.0% in Jan, central bank to meet on Feb 17

Philippine CPI eases to 3.0% in Jan, central bank to meet on Feb 17

The central bank, which has kept its policy rate unchanged at 2.0% since Nov. 2020, will meet on Feb. 17

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2 min read Last Updated : Feb 04 2022 | 10:49 AM IST

Philippine annual inflation eased to 3.0% in January from the previous month's 3.2% rate, the statistics agency said on Friday, reflecting slower increases in the price of food and utilities.

January's inflation figure, which was slightly below the 3.1% forecast in a Reuters poll, used 2018 as the base year and, at least for now, suggests no sign of price pressures pushing policy makers to tighten loose monetary policy.

"The BSP sees ample scope to keep a patient hand on its various policy levers, while keeping an eye on potential risks to inflation and the financial system," the Bangko Sentral

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Inflation Philippine

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