Philippines Central Bank Could Tighten Policy as Inflation Rebounds
The Bangko Sentral ng Pilipinas may further tighten policy as inflation re-accelerated in September, with core inflation hitting a 34-month high, according to UOB economists.
UOB economists said the odds of Bangko Sentral ng Pilipinas tightening policy further have increased after inflation rebounded in September. Headline CPI re-accelerated, while core inflation reached a 34-month high, despite 75 bps of cumulative rate increases this year. The note said this points to per…