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.
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
