THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
DOWNLOAD
View all Reports
Metrobank.com.ph How To Sign Up
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph How To Sign Up
Access Exclusive Content Login to Wealth Manager
Search
THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

UPDATE 1-Philippine November inflation slows, but above forecast

December 7, 2021By Reuters
Related Articles
Gold climbs as rate hike bets ebb after weaker US data June 1, 2023 Oil settles up as signs of US-Iran impasse counter economic concerns May 20, 2025 BRIEF-Figaro Coffee Posts Qtrly Gross Revenue 596.9 Million Pesos February 16, 2022

Nov CPI up 4.2% y/y, above market forecasts

Core inflation at 3.3% vs 3.4% in October

C.bank: ready to maintain accommodative policy

Adds details, comments

By Neil Jerome Morales and Enrico Dela Cruz

MANILA, Dec 7 (Reuters) – Philippine inflation in November eased to the lowest level in four months, supporting expectations that the central bank will keep its benchmark interest rates steady at its last meeting this year to support an economic recovery.

The Bangko Sentral ng Pilipinas (BSP), which has kept the rate on the overnight reverse repurchase facility PHCBIR=ECI at 2.0% since November last year, will review its policy settings on Dec. 16.

The Consumer Price Index rose 4.2% last month from a year earlier PHCPI=ECI, down from a 4.6% rise in October, due to a slowdown in price increases for the heavily weighted food and non-alcoholic beverages index.

The headline figure was above the central bank’s projected range of 3.3%-4.1% for the month, and higher than the 3.9% median forecast in a Reuters poll.

Core inflation PHCPXY=ECI, which excludes volatile food and fuel prices, slowed to 3.3% from 3.4% in October, the government data on Tuesday showed.

Inflation averaged 4.5% in January-November, still outside the BSP’s 2%-4% target range this year.

“Despite the upside surprise, the BSP is expected to keep rates unchanged for the rest of 2021,” said Nicholas Mapa, a senior economist at ING.

In a statement, BSP Governor Benjamin Diokno said that while risks to the inflation outlook are tilted to the upside in 2022, they were broadly balanced for 2023.

“The BSP stands ready to maintain its accommodative monetary policy stance to support the economy’s recovery while also guarding against any emerging risks to its price and stability objectives,” he said.

The BSP has vowed to be cautious with policy levers to sustain the economy’s revival, which could be hampered by the emergence of a potentially more transmissible Omicron coronavirus variant.

“With demand soaring this quarter and expected to continue in 2022, second round effects are likely to pick up rather fast,” said Emilio Neri, lead economist at Bank of the Philippine Islands.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Access this content:

If you are an existing investor, log in first to your Metrobank Wealth Manager account. ​

If you wish to start your wealth journey with us, click the “How To Sign Up” button. ​

Login HOW TO SIGN UP