• Inflation in the Philippines likely to settle within 8.5% to 9.3% y/y range in February, Bangko Sentral ng Pilipinas says in a statement.
• Upward price pressure for the month is expected to come from higher LPG prices and elevated pork, fish, egg, and sugar prices
• Lower prices for domestic petroleum, fruits, vegetables, chicken, and beef, as well as peso’s appreciation could contribute to easing pressure
• “BSP will continue to adjust its monetary policy stance as necessary to prevent the further broadening of price pressures as well as the emergence of additional second order effects,” it says