Metro Manila wage hike an upside risk to inflation

Jul 01, 2023 12:39 am

METRO Manila's just-approved P40 minimum wage hike could lead to higher inflation and a possible monetary policy response, an economist said on Friday.

'The wage hike is ... an upside risk to the economy's inflation outlook, which has been easing as of late, and to the central bank's policy rate outlook,' HSBC Global Research economist Aris Dacanay said.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Central bank sees wider current account deficits

China 'determined' to open up in 2025

PH M&A activity surges 38.7% to $8.6B in 2024

Producer price index recovers in November

Peso drops back to P58:$1; PSEi gains

Asian shares rise, defying slow Wall Street start to 2025

Supreme Court clarifies collateral forfeiture law