Bloomberg News

Tetangco Doesn’t Expect ‘Persistent’ Impact of Storms on Prices

October 04, 2011

Oct. 5 (Bloomberg) -- Philippine inflation remains manageable even as the central bank monitors the effect of recent storms on prices, Governor Amando Tetangco said in a mobile phone message today.

“Our expectation is that this should not have a persistent impact on inflation over the policy horizon,” Tetangco said after the government reported that inflation last month accelerated. “We continue to be mindful of global developments, particularly growth prospects in advanced economies. We are also watchful of policy developments to resolve the European debt crisis as these could impact on risk appetite and capital flows in emerging market economies, including the Philippines.”

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