Philippines central bank sees inflation 'back to normal' near 3% later this year
Tuesday, January 10, 2023
© Reuters. Bangko Sentral ng Pilipinas Governor Felipe Medalla poses for a photograph in his office at Manila, Philippines, November 18, 2022. REUTERS/Eloisa Lopez/Files MANILA (Reuters) - Philippine inflation is likely to be closer to 3% in late-2023 and in 2024, central bank governor Felipe Medalla said on Tuesday.
Medalla, speaking at a media forum, also said the economy remained strong and that pent-up domestic demand will continue driving growth.
"By the third quarter of this year, inflation will be back to normal," he said.
Annual inflation soared to 8.1% in December, the highest since 2008, bringing the full-year average to 5.8%, outside the central bank's 2%-4% target range.
The central bank earlier this month said it was ready to take all policy action necessary to bring inflation back within the target.
Monetary authorities are meeting for a rate setting meeting on Feb. 16.
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23-03-2023 22:12:26 (UTC+7)
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1,771.70
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46.610
+0.050 (+0.11%)
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-0.59 (-1.04%)
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Adidas AG
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+1.45 (+1.03%)
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9.900
+0.022 (+0.22%)
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Siemens AG Class N
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| EUR/USD | 1.0893 | ↑ Sell | |||
| GBP/USD | 1.2316 | Buy | |||
| USD/JPY | 131.24 | Neutral | |||
| AUD/USD | 0.6718 | ↑ Sell | |||
| USD/CAD | 1.3635 | Buy | |||
| EUR/JPY | 142.96 | Sell | |||
| EUR/CHF | 0.9956 | Neutral |
| Gold | 1,983.85 | ↑ Buy | |||
| Silver | 23.207 | ↑ Buy | |||
| Copper | 4.1013 | ↑ Sell | |||
| Crude Oil WTI | 71.37 | ↑ Buy | |||
| Brent Oil | 77.15 | ↑ Buy | |||
| Natural Gas | 2.238 | ↑ Buy | |||
| US Coffee C | 174.42 | Buy |
| Euro Stoxx 50 | 4,213.05 | ↑ Buy | |||
| S&P 500 | 4,004.20 | ↑ Buy | |||
| DAX | 15,241.55 | ↑ Buy | |||
| FTSE 100 | 7,527.73 | ↑ Buy | |||
| Hang Seng | 20,049.64 | ↑ Buy | |||
| Small Cap 2000 | 1,771.70 | ↑ Buy | |||
| IBEX 35 | 9,005.54 | Neutral |
| BASF | 46.610 | ↑ Buy | |||
| Bayer | 56.04 | Neutral | |||
| Allianz | 207.90 | ↑ Buy | |||
| Adidas | 142.45 | Neutral | |||
| Lufthansa | 9.900 | Neutral | |||
| Siemens AG | 144.83 | Buy | |||
| Deutsche Bank AG | 9.460 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
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| SJC Cantho | 6,655/ 6,727 (10 / 10) # 1,087 |
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| ↀ Giá vàng thế giới | ||
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| $1,979.14 | +9.37 | 0.48% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.960 | 24.430 |
| RON 95-III | 23.030 | 23.490 |
| E5 RON 92-II | 22.020 | 22.460 |
| DO 0.05S | 19.300 | 19.680 |
| DO 0,001S-V | 20.560 | 20.970 |
| Dầu hỏa 2-K | 19.460 | 19.840 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $71.44 | -1.29 | -1.83% |
| Brent | $76.90 | -1.4 | -1.86% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.300,00 | 23.670,00 |
| EUR | 25.009,87 | 26.410,24 |
| GBP | 28.229,12 | 29.432,78 |
| JPY | 174,87 | 185,12 |
| KRW | 15,89 | 19,36 |
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