MANILA, Philippines --- The Bangko Sentral ng Pilipinas (BSP) is tipped to take a pause this month in its current monetary policy tightening cycle, or the series of raising interest rates, after the inflation readout for April showed a downtrend. The rate of increase in the prices of goods and services that households commonly purchase slowed for the third month in a row to 6.6 percent in April from 8.7 percent in January. GlobalSource Partners said in a commentary penned by Romeo Bernardo that, likewise, food prices continued to fall for the third straight month. At the same time, core inflation --- which excludes volatile food and energy prices --- also slowed down but rem...
Keep on reading: BSP tipped to pause rate hikes this month
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