In the Philippines, inflation might have gone down in August due to lower oil prices, a strong peso and more affordable rice, meat and fish, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP).
The BSP projects inflation last month to have settled between 3.2-4%, lower than the 4.4% recorded in July.
Low August inflation would help the BSP justify its decision to slash the benchmark rate by 25 basis points (bps) to 6.25% at the 15 August meeting.
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