Philippines Inflation Broadens, Supporting Need for More Rate Hikes
Philippine inflation pressures materially broadened in September, showing second-round effects from energy shocks and supporting the need for additional interest-rate hikes, according to Goldman Sachs analysts.
Philippine inflation pressures widened materially in September, Goldman Sachs analysts said, highlighting increasingly clear second-round effects from energy shocks. The bank said rising oil prices are spreading through the economy, pointing to the need for more interest-rate hikes.