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Report Philippines Form

Report Philippines Form

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uh how are these latest inflation reports impacting central bank policy in those countries well it has what a trio of reports this morning as you say all above the bloomberg survey median if we take them quickly in turn korea of course uh fastest in almost a quarter century that's certainly adding to the pressure of fed hike inflation as well as imported inflation but what we saw more troubling underneath the headline was that it was also a bit of demand side inflation as well hotels and restaurants recovering giving more price growth there double-digit transportation price growth so it all makes it increasingly likely that the bank of korea goes with perhaps a half point a hike next week when they meet uh they have been hiking by a quarter point and in each of the five meetings since last august but certainly feeling the pressure don't want to be accused of falling further behind the curve which is the worst thing you can tell a central banker these days uh in philippi

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