Declining oil prices to boost disinflation

Sep 24, 2024 12:30 am

A CONTINUED drop in global oil prices will accelerate inflation declines in the Philippines and other Asian countries and facilitate interest rate cuts, ANZ Research said.

'If the weakness in global oil prices persists, disinflation will gather pace, and most of the region's external positions will improve,' it said in a commentary issued last Friday.

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