Feb inflation could stay above 8.5%

By The Manila Times

Feb 20, 2023 12:26 am

INFLATION could ease a bit this month but remain near 14-year highs, Bank of the Philippine Islands (BPI) said, prompting monetary authorities to keep hiking interest rates.

The Bangko Sentral ng Pilipinas' (BSP) policymaking Monetary Board ordered a 50-basis-point increase last week after inflation blew past expectations to hit 8.7 percent in January.

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