BSP: Inflation in June may have hit 3.4-4.2%

Quick Summary:

EXPENSIVE food items such as rice and the depreciation of peso may have led to faster inflation in June, according to the Bangko Sentral ng Pilipinas (BSP).

The interest rates on the overnight deposit and lending facilities will remain at 6 percent and 7 percent, respectively.

The high end of the forecast exceeds the revised 3- to 4-percent inflation target for this year (See: ).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Tariffs Rate Lower (see: Prices Inflation 2024 Monetary Percent Rice Target

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 16:10:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21410794

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions