Patrick Ella, an economist at Sun Life Investment Management and Trust Corp., said inflation may have picked up to 2.3 percent in October from 1.9 percent in September.
However, this would still be lower than the 4.9 percent inflation print in October 2023.
He also said there is no possibility of inflation exceeding the two to four percent target of the Bangko Sentral ng Pilipinas in October. It would also hit the BSP's two to 2.8 percent month-ahead forecast.
The Philippine Statistics Authority is scheduled to release the October inflation data this Nov. 5.
"As for monetary policy, I think it's on auto-pilot and I see very little factors to interrupt a 25-basis-point cut on Dec. 19," Ella added.
The BSP's Monetary Board delivered a 25-basis-point cut last Oct. 16 as the within-target inflation outlook and well-anchored inflation expectations continue to support the central bank's shift toward a less restrictive monetary policy.
The central bank has lowered borrowing costs by a total of 50 basis points so far or since it began its easing cycle in August. Prior to the cuts, the BSP kept its policy rate steady for six straight meetings since November 2023. From May 2022 to October 2023, it hiked rates
This story is from the November 04, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 04, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
AND NOW, THE LATEST IN ANTI-AGING SKIN TREATMENT
Before, we only used volume restoration by filler injections to fight aging. Today, layering is the latest filler injection technique that addresses skin aging based on the anatomical changes that occur as one grows older.
AYURVEDA: A GEN-XER'S GUIDE TO ANCIENT HEALTH WISDOM
For a society used to doctor's prescriptions, embracing Ayurveda might feel like trying a new health trend. And if it means raising a mug of warm water in place of a pill, that's a toast I'll gladly make.
These 'madiskarte' moms mean business
In 2020, PLDT launched Madiskarte Moms PH, a mompreneur Facebook community, as a way for Filipino mothers to start and grow their home-based businesses to augment their family income during the height of the pandemic.
FIVE HEALTH HACKS FROM THE GLUCOSE GODDESS
New York-based French biochemist and New York Times bestselling author, Jessie Inchauspé, is a standard social media go-to for hacks on managing sugar spikes and diabetes.
Caring for loved ones with disabilities
After a series of eye surgeries in the US (18 surgeries from 1982 to 1989 due to glaucoma), Jaime Silva, more known to family and friends as Jimmy, and his wife Helen decided to change the focus of their lives.
MassKara 2024: MassKara Unmasked!
I spent five wonderful years of my childhood in Iloilo City, and would visit Bacolod, which was just a ferry ride away. I love its people, its food and its historical structures.
Hayao Miyazaki to be honored at filmfest
Japanese master filmmaker Hayao Miyazaki will be honored with this year's prestigious Ramon Magsaysay Award.
DAN+SHAY, OTHER HOLIDAY SOUNDS TO WELCOME NOVEMBER
How best to welcome November? With only a few weeks until Christmas day, nothing beats Christmas sounds.
RINI on collaborating with OPM artists, giving back to Pinoy fans
For Filipino-Australian singer-songwriter RINI, experimenting or exploring new ideas is in the nature and DNA of any artist.
LEGENDS, FREAKS AND ICONS GATHER AT ‘SHAKE, RATTLE AND BALL’ 2024
FROM CHUCKY DOLL and his bride to pop superstar Taylor Swift, celebrities, showbiz personalities, and influencers – including GMA Sparkle artists – attended this year's \"Shake, Rattle and Ball\" in character, donning their most outlandish and eye-catching outfits on the black carpet last Thursday at One Ayala in Makati.
