✉news BusinessBanking first seen 5 h ago, last 4 h ago, peak #2
Philippines central bank prepares for severe El Niño impact
Original: Philippines central bank braces for ‘Godzilla’ El Niño
The Bangko Sentral ng Pilipinas is preparing for a potentially severe 'Godzilla' El Niño event, which threatens to disrupt food supplies and drive up inflation in the Philippines. The weather pattern could hit agricultural output and rice prices, adding pressure on policymakers already battling elevated inflation. The drought linked to El Niño is expected to test the central bank's efforts to keep price growth under control.
Why now: A powerful El Niño threatens Philippine food prices and inflation, putting pressure on the central bank's monetary policy.
Bangko Sentral ng PilipinasPhilippinesEl Niño
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