EconomicPhilippines·Unpinned14 Oct 2026
Philippine central bank assesses impact of El Niño on inflation
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Bangko Sentral ng Pilipinas Governor Eli Remolona stated that the central bank is factoring the potential for a severe 'Godzilla' El Niño and prolonged oil shocks into its monetary policy to address inflation, which reached a three-year high of 7.2% in September. The central bank previously increased its benchmark interest rate to 5% in August to mitigate…
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