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Asia/Pacific April 08, 2019 / 10:47 am UTC

Philippines’ Central Bank to Ease Off the Brakes

By Jiaxin Lu
Inflation has had a big turnaround since the turn of the year. Soaring inflation triggered an aggressive round of monetary policy tightening by the central bank since last May. As much of inflationary pressures were actually cost-pushed, measures that dealt with supply-side constraints such as rice import liberalization have helped to cool inflationary pressures.