Philippines October inflation pegged within 2.9-3.8% range

Thanks to moderating food prices and a strong peso.

OCBC Treasury Research noted:

BSP trimmed its key policy rate by 25bps to 3.50% on Thursday, stating the need to provide further boost to domestic investment and consumption in the country, despite acknowledging that the domestic underpinnings of the country remain solid at this juncture.

Separately, the BSP also stated that inflation in October would come in within the 2.9-3.8% range, helped by moderating food prices and a strong PHP in the month.

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