Philippines: Price spikes expected in Ompong aftermath

MANILA, Philippines — The rise in consumer prices further accelerated this month after the onslaught of Typhoon Ompong,  prompting the Bangko Sentral ng Pilipinas (BSP) to deliver stronger monetary action this week. Nicholas Mapa, senior economist at ING Bank, said the projected crop damage from the recent typhoon would put more pressure on the overall September […]

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