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Philippines: April inflation down to 6.6%, but…

The Philippine Statistics Authority (PSA) [link] provided consumer price index (CPI) data for April and revealed that headline inflation had fallen to 6.6% from March’s 7.6% and February’s 8.6%. Core inflation, which excludes certain food and energy items, was only down slightly to 7.9% from March’s 8.0%. All of the analysts surveyed by BusinessWorld had predicted April’s CPI to […]

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Philippines: Banks in better position to support economic recovery

MANILA, Philippines — Philippine banks are in a stronger position to support the country’s recovery from the impact of the COVID pandemic, according to the Bangko Sentral ng Pilipinas. The central bank highlighted in the Philippine Financial System for the Second Semester of 2022 report that the country’s financial system sustained positive performance and overall […]

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