Manila Bulletin·3 min read·medium
Metro Manila's 12% wage hike catches BSP off guard
D
Derco Rosal
✦AI Summary
The Bangko Sentral ng Pilipinas is reassessing its inflation outlook following an unexpected 12% minimum wage hike in Metro Manila. Governor Eli Remolona Jr. expressed concern over potential price pressures but ruled out a massive interest rate increase.
Manila Bulletin - Metro Manila’s 12% wage hike catches BSP off guard
businesseconomypolitics
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