'Godzilla El Niño' is wreaking havoc with Philippine central bank's inflation forecasts
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
CNBC reports that the Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
This business story centres on the Philippines. Names and organisations mentioned in the coverage include Philippine, Godzilla El Niño' and El Niño.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Philippines · Asia
- Reported by
- CNBC
- First reported
- Key names
- Philippine, Godzilla El Niño', El Niño
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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