‘Godzilla El Niño’ is wreaking havoc with Philippine central bank’s inflation forecasts
Summary
The Philippine central bank is currently facing a three-year high in inflation. To address this issue, officials are developing policy scenarios that account for severe weather patterns alongside ongoing oil shocks.
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
Source: Read the full story at Economy
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