Inflation expected to remain elevated

Oct 20, 2023 12:36 am

INFLATION will likely stay high for an extended period, a Fitch Group unit said, prompting monetary authorities to again hike interest rates and hold off from easing until well into next year.

'[W]e see risks to inflation to remain above the BSP's (Bangko Sentral ng Pilipinas) target of 2-4 percent for a long period of time,' BMI Country Risk & Industry Research analyst Shi Cheng Low said in a briefing on Thursday.

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