Bloomberg News

Philippines to Assess Typhoon Impact on Inflation, Tetangco Says

September 30, 2011

Sept. 30 (Bloomberg) -- The Philippine central bank will consider the impact of recent and expected tropical storms to farm output, domestic supply and inflation in the next monetary policy meeting, Governor Amando Tetangco said in a media briefing in Manila.

“My assessment is that inflation for 2011 will still be within target,” he said. The next policy meeting will be on Oct. 20. Typhoon Nalgae is expected to make landfall in the Philippines tomorrow, the government said today. Typhoon Nesat killed at least 43 in the country and damaged at least 4 billion pesos worth of farm output and infrastructure.

--With assistance from Cecilia Yap and Max Estayo in Manila.

To contact the reporter on this story: Karl Lester M. Yap in Manila at kyap5@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus