The Philippine central bank said on Tuesday it was prepared to take further monetary policy action if needed to anchor consumer price expectations even as inflation eased for the first time in three months in October.
The consumer price index rose 4.9% in October, less than the 6.1% in September, 5.6% forecast in a Reuters poll, and the central bank’s 5.1% to 5.9% projection, due mainly to slower increases in prices for food including rice.
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