Philippines central bank likely to add 25 bps hike in 4Q
ING’s Deepali Bhargava says Bangko Sentral ng Pilipinas is likely to deliver one more 25 bps rate hike in 4Q. August headline CPI cooled to 6.1% y/y from 6.2% in July; core CPI stayed above 4%.
Bangko Sentral ng Pilipinas is likely to deliver one additional 25 bps rate hike in 4Q, despite August headline inflation easing, ING's Deepali Bhargava says in a note.
Headline CPI cooled marginally to 6.1% on year in August from July's 6.2%.
However, core CPI remained sticky at above 4% last mont…