October Inflation to Prompt BSP Freeze on Rates

Headline inflation probably stayed below 1 percent last month, analysts polled by the Manila Times said, with policy rates unlikely to be adjusted even if the rise in consumer prices hits a fresh record low.

Six analysts said October inflation may have settled within 0.2 to 0.6 percent as low utility rates and energy prices offset food price pressures. The range is narrower than that offered by the Bangko Sentral ng Pilipinas (BSP), which last week bared a 0.1 percent to 0.9 percent forecast.

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Source: The Manila Times

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