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BSP sees hotter inflation in November
Economists of the Bangko Sentral ng Pilipinas (BSP) projected inflation rising between 7.4% and 8.2% in November.
If the upper end of the forecast is hit, it would be higher than the 7.7% inflation rate in October, which is already the highest in nearly 14 years.
The BSP said inflation will “gradually decelerate” in the succeeding months as cost-push shocks due to bad weather and transport fare adjustments dissipate.
The BSP has tightened monetary policy this year following the hawkish moves of the US Federal Reserve.