00:00Economists expect that inflation decreased in September and predict the
00:04Banco Central ng Pilipinas or BSP will lower interest rates. Forecasts for
00:10September inflation are all below the government's 2 to 4 percent target with
00:14predictions ranging from 1.9 percent to 3 percent, suggesting it will be the
00:20lowest since January. Miguel Chanco, a chief emerging Asia economist at
00:27Think Tank Pantheon Macroeconomics pointed out that factors like lower
00:32food, oil prices and a stronger peso are contributing to this decrease. However,
00:39concerns about oil prices and typhoons may lead the BSP to be cautious. Overall,
00:45lower interest rates could support consumer spending and economic growth
00:49but there might be a delay before any benefits are felt in the economy.
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