MANILA: The Philippine central bank on Tuesday (May 6) signalled further monetary easing ahead after inflation slowed to the lowest level since 2019, and warned of a "more challenging external environment.”
Consumer prices rose 1.4% last month from a year earlier as rice costs continued to drop, the Philippine Statistics Authority said. That was the lowest rate since November 2019 and was below the 1.8% median estimate in a Bloomberg News survey.
