Philippine Central Bank Raises Key Rate for Second Month

The video discusses the inflation outlook in the Philippines, highlighting concerns of the Central Bank (BSP) due to a rise in inflation rates, which are above the target range. Factors such as tax adjustments and a currency slump have exacerbated inflation. The Central Bank has revised its inflation forecast slightly downwards and raised interest rates to manage the situation. Future concerns include potential second-round effects, particularly related to wage demands influenced by rising oil prices.

What was the inflation forecast for the Philippines that the Central Bank marginally reduced?

What is the Central Bank's inflation target range?

What are the main factors contributing to the increase in inflation this year?

What does the Central Bank expect regarding inflation in the next year?

What concerns does the Central Bank have regarding wage demands?