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
Bu hikaye The Philippine Star dergisinin November 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin November 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
David Pardo Ayala Moved to Manila with Knives, Cookbooks & a Heart Full of Love
While at the Culinary Institute of America in upstate New York over two decades ago, Colombian-born David Pardo Ayala met the love of his life, a Filipina named Gianella.
Lucky Dumpling opens at Hann Resorts
Ever been up to the Pampanga and Clark area and craved Chinese food? There is good news since Lucky Dumpling just opened at Hann Resorts in Clark and is a perfect place to have dim sum and Cantonese food for lunch or dinner, even if one is just passing by the area.
FROM LEGENDS TO CHART-TOPPERS: 2025 CONCERT LINEUP FOR EVERY MUSIC FAN
From Dionne Warwick to Boyz II Men, a bountiful lineup of nostalgia acts will be hitting the Philippine stage this year.
WHY STREAMING SERVICE MAX IS BETTING BIG ON FILIPINO VIEWERS
ONE OF THE BIGGEST HIGHLIGHTS OF THE LOCAL entertainment scene in the last quarter of 2024 was the entry of a new streaming service: Max. The platform, operated by Warner Bros. Discovery, brings together iconic brands such as HBO, Harry Potter, Cartoon Network and the DC Universe under one umbrella.
50th MMFF Extends Run Until Jan. 14 Due to 'Public Demand'
The 50th Metro Manila Film Festival (MMFF) is set to continue for an additional week due to \"insistent public demand.\"
Jollibee Takes Majority Control of Taiwan-Based Soup Brand
Asian food conglomerate Jollibee Foods Corp. (JFC) is boosting its position in the Chinese cuisine segment with the acquisition of a majority stake in a leading wellness soup brand in Taiwan.
DA funds to cushion impact of imports get substantial hike
Filipino farmers affected by imports, especially coffee and poultry producers, are expected to get at least a billion peso worth of support this year after the Department of Agriculture (DA) received an exponential increase in its earmarked fund meant to enhance farmers’ competitiveness.
The reality on the ground can damage reputation
Are we like goslings or baby geese that follow a mother goose wherever it goes? It appears that way, at least in my case.
MGen unit bags 600-MW gas project in Singapore
PacificLight Power Pte. Ltd. (PLP), controlled by Meralco PowerGen Corp. (MGen), has secured the right to build, own and operate a 600-megawatt gas plant in Singapore.
Market Stays Blemish-Free in 2025
The local stock market has kept its record blemish-free so far this year, extending its winning streak to three sessions ahead of the release of the country's December inflation data today.
