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NEDA: inflation of 5.2% of June "unexpected"
[MANUAPhilippines-Lahaussedesprixdesbiensetserviceslargementutiliséslaplusélevéedepuiscinqansétait"unexpected"adéclaréjeudileplusimportantplanificateursocioéconomiquedupaysajoutantqu'ilyavaitpeutbe"unpeudeLorsd'uneconférencedepresselesecrétairedelaplanificationsocio-économiqueErnestoPerniaadéclaréquelahaussede52%del'inflationenjuinétait"unemauvaisenouvelle"
He added that the & # 39;. Inflation will likely reach its peak third quarter of the year and will decrease by October. "Rest assured that we will be at the forefront of monitoring inflation and we will ensure that problems are solved", he said
at least five years ago, since the beginning of the year, inflation has reached 4.3% on average, above the 2-4 target range % of Bangko Sentral ng Pilipinas
in a statement, BSP governor Nestor Espenilla said that the rise of "Recoil" at amid statements that the central bank has fallen behind the tightening policy and contain inflation.
BSP introduced consecutive rate hikes this year to combat inflation and strengthen the local currency. But analysts believe that more monetary policy actions are needed to temper inflation.
"The BSP is behind the curve.Increase has accelerated the past target, again.That means that more needs to be done to cool an overheated economy," said Trinh Nguyen, senior economist at Natixis.
After the release of June's inflation data, the Philippine stock index broke Thursday its four-day rise In contrast, the peso closed Thursday at P53.42 against the greenback, 6 centavos less than the P53.36 for a dollar on Wednesday
. BSP is likely to further raise its benchmark rates in August to control inflation, as well as to help the equity market and the country's currency recover. "The Philippine market has succumbed after successive positive sessions," said Luis Limlingan of Regina Capital.
"The implications have further slowed the market, many of them already indicating a rise in the third rate at the August 9 meeting." Some have even hinted that a 50 basis point hike is needed in relation to the traditional 25 basis points, "he added. – with a report from BusinessWorld
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