Daily News

DoF: Oct. inflation likely still below 1%

October inflation will likely still clock in below 1%, the Department of Finance (DoF) said after the government reported September inflation at 0.17% that was the weakest in more than three years, slowing from 2018’s multi-year highs. The DoF noted further that “[t]he continuing drop in inflation has given economic authorities policy room to loosen liquidity, enabling a cut in the policy rate by another 25 bps.”