Philippine inflation to settle around 3.2% in 2024, finance minister says
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 : The Philippines' inflation rate could settle around 3.2 per cent 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 per cent in September, the slowest in more than four years.
Source: Reuters
