Lower inflation gives Manila scope to cut

Inflation in the Philippines fell by almost two percentage points, affording the central bank the opportunity to consider cutting rates further.

"The continuing moderation in inflation pressures has provided monetary authorities room to carefully consider opportunities for policy easing given potential tightening financial conditions," said the governor, Amando Tetangco, Jr.

Headline inflation fell further in December to 8% year-on-year from 9.9% in November, the central bank said, bringing

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