PH inflation likely breached 8% in May, foreign banks say

MANILA, Philippines – Persistent price pressures tied to the conflict in the Middle East may have pushed domestic inflation above 8 percent in May, three global banks said, reinforcing expectations that the central bank could raise interest rates again soon. In a note to clients, analysts at MUFG Global Markets Research said consumer prices likely […]... Keep on reading: PH inflation likely breached 8% in May, foreign banks say