• The Philippines is not yet out of the woods when it comes to dealing with inflation, signaling a higher-for-longer elevated interest rates, according to Bangko Sentral ng Pilipinas Governor Eli Remolona Jr.
• “We’re still not yet out of the woods when it comes to inflation,” Remolona told reporters in a press conference.
• Inflation averaged 6.2 percent from January to November, well above the central bank’s two to four percent target range.
• The headline inflation eased to a 20-month low of 4.1 percent in November from 4.9 percent in October.
• The BSP chief remains confident that inflation could ease within the two to four percent target range as early as December and fall below three percent in the first quarter of next year.

https://www.philstar.com/business/2023/12/21/2320272/philippines-not-yet-out-woods-inflation-bsp