Economics
Slowing Inflation Gives Philippines Hope to Dodge Rate-Hike Wave
Shoppers at a vegetable market in Taguig City, Metro Manila, the Philippines, earlier in November.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
Philippine inflation was the slowest in a year last month, giving the central bank an opportunity to support growth with record-low interest rates and withstand pressure from a tightening global monetary policy environment.
Consumer prices rose 3.6% from a year ago last month, the statistics agency reported Wednesday, the weakest since the same month in 2020 and below the 4.1% median estimate in a Bloomberg survey.