ING Economists Warn of Renewed Inflation Risks for Philippine Peso
ING economists Deepali Bhargava and Lynn Song warn that recovering oil prices, El Niño fears, and rising global rice and fertilizer costs are fueling upside inflation risks for the Philippine peso.
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Economists at ING, Deepali Bhargava and Lynn Song, cautioned that upside inflation risks are re-emerging for the Philippine peso. They highlighted recovering oil prices and the potential for a powerful El Niño to trigger a food-price shock.
Rising global prices for rice and fertilizer add to the pressure, threatening to push inflation higher and weighing on the currency.
Source: FXStreet Forex News