Inflation likely unchanged in June

Jul 01, 2024 12:19 am

INFLATION could have steadied in June due to lower power rates and a moderation in food and fuel price growth, analysts said, further raising the possibility of interest rate cuts beginning August.

The median forecast in a Manila Times poll of economists was 3.9 percent, unchanged from the May result and within the Bangko Sentral ng Pilipinas' (BSP) 2.0- to 4.0-percent target.

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