by ABS-CBN News, May 17 2018
MANILA – Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday.
Chidu Narayanan, Standard Chartered economist for Asia, said inflation may average 5.2 percent in 2018 before sliding to 4.9 percent in 2019.
Higher government spending on infrastructure, the impact of the recent tax reforms, a weaker peso as well as the spike in the cost of crude oil on the world market are all contributing to higher inflation, Narayanan said in an interview with ANC’s Market Edge.
Because of this, Narayanan said the Bangko Sentral ng Pilipinas may again hike interest rates as early as June.
But Narayanan also said the Philippine economy is strong enough to shrug off higher interest rates.
“The BSP could hike [policy rates] comfortably without derailing growth,” he said.
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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