Philippine Inflation Quickened Further in July

The transcript discusses the rising inflation in the Philippines, which has exceeded forecasts and is causing concern among central bankers. The inflation rate has been accelerating, moving beyond the target range set by the central bank. This situation, combined with a weak peso, may force the central bank to increase interest rates more aggressively. The central bank has faced criticism for being slow to respond, but recent hikes are expected. The transcript also compares the economic situation in the Philippines with other ASEAN countries, highlighting unique challenges and differences in economic strategies.

What actions are central bankers considering in response to the rising inflation?

How does the inflation situation in the Philippines compare to that of its neighboring countries?