Philippines central bank sees September inflation at 6.4% to 7.4%

The Philippines' central bank has forecast that inflation for September will be between 6.4% and 7.4%. The country's statistics agency will release the official inflation data on October 6. According to the central bank, it will remain vigilant and guided by incoming data, particularly on inflation and growth prospects.

There is no information in the reports about the actual inflation rate for September in the Philippines, but Kenya's annual inflation rate rose to 6.8 percent in September, up from 6.6 percent in August. This increase was driven by higher prices of food and non-alcoholic beverages, transport, and housing, water, electricity, gas and other fuels.

The reports also mention Indonesia's central bank, which has increased its purchases of government bonds in the secondary market in September to pump up liquidity. In the year to the end of September, the bank has bought almost 300 trillion rupiah of government bonds.

Brief written by urgent.news from Business Recorder, Capital Business, New Straits Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.