MANILA -- The Philippine central bank has come under increased pressure to tighten monetary policy more aggressively this week, after inflation figures announced on Tuesday continued to surge past the government's target and beat market estimates.
Inflation in July stood at 5.7%, its highest level in over five years and surpassing market forecasts of 5.5%.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.