Philippines inflation near 14-year high; more rate hikes seen

MANILA  – Philippine inflation accelerated to its fastest pace in nearly 14 years in October and the rate is likely to rise further, the statistics agency said on Friday, backing expectations the central bank will keep tightening monetary policy. The consumer price index climbed 7.7 percent in October from a year earlier, the fastest rise … Continue reading Philippines inflation near 14-year high; more rate hikes seen