Defining the News
Inflation rate will be within the 2-4 percent target for 2024 and 2025, according to Bangko Sentral ng Pilipinas Governor Eli Remolona on Tuesday, during the Public Hearing of the Committee on Finance.
The last reading of inflation is at 4.4 percent in July 2024, due to driving factors such as electricity rates and upward adjustment in domestic prices of petroleum products.The BSP stated that the inflation for July 2024 reading is expected due to higher electricity rates and positive base effects. The central bank projects that the inflation in August will slow down, mainly driven by low import tariffs on rice.
The governor also highlighted that the monetary policy has helped to tame inflation. The BSP has kept its benchmark rate at 6.5 percent since November of 2023. “We do still face some upside risks to inflation. These risks will come from higher domestic prices of food items other than rice, from transport charges, and from electricity rates.” Remolona said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
National Nutrition Month unites Filipinos to promote food securityDefining the News
Baca lebih lajut »
Painting the Big Dome greenDefining the News
Baca lebih lajut »
SEC issues guidelines to consolidate digital services into single platformDefining the News
Baca lebih lajut »
International condemnation of Chinese aggression in the WPSDefining the News
Baca lebih lajut »
The court’s freeze on Alice Guo’s P28 billion in assetsDefining the News
Baca lebih lajut »
Wasted effort: Flawed PNP reform billDefining the News
Baca lebih lajut »