Economists expect slower inflation

Inflation could have slowed in January from the prior month's 14-year high, economists said, easing pressures on monetary authorities to continue tightening policy.

But interest rate hikes remain in the pipeline, they added, given expectations that 2023 consumer price growth will stay above the Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target for this year and the next.