Philippine July inflation quickens; rates seen steady

  • Business Premium
  • Wednesday, 08 Aug 2012

MANILA: Philippine annual inflation increased in July to its highest in six months, and analysts expect the central bank to hold off on cutting interest rates when it next meets in September, with prices likely to stay high due to weatherrelated supply shocks.

The central bank governor said, however, that inflation was expected to remain at manageable levels, and analysts still saw room for a fourth interest rate cut sometime this year.

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