✉news BusinessBanking first seen 7 h ago, last 28 min ago, peak #1

Philippines central bank braces for 'Godzilla' El Niño

Original: Philippines’ central bank braces for ‘Godzilla’ El Niño

Bangko Sentral ng Pilipinas is preparing for a potentially severe 'Godzilla' El Niño event that threatens to drive up food prices and complicate the country's inflation outlook. Officials are weighing how drought damage to agriculture could feed into inflation and affect monetary policy decisions in the months ahead.

Why now: A strong El Niño threatens food supply and inflation in the Philippines, with implications for interest rate policy.

Bangko Sentral ng PilipinasPhilippinesEl Niño

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• Philippines’ central bank braces for ‘Godzilla’ El Niño · Financial Times

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