Interest rate hikes still expected

Apr 07, 2023 12:15 am

Inflation could finally be on the way down but room remains for further interest rate hikes, analysts said.

While consumer price growth may have slowed to a six-month low of 7.6 percent in March, they noted that core inflation — which excludes volatile food and energy items — rose anew.

Some motorists are refueling at a gas station in Pasay City. Organization of Petroleum Exporting Countries (OPEC) Plus would likely keep oil prices high throughout 2023. File Photo

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