
Philippine investors were awaiting third-quarter GDP figures, with a brokerage estimating growth of 2.3% to 2.7%. Inflation accelerated to 7.8% in October from 7.2% in September, and weaker-than-expected growth could strengthen the case for a 50-basis-point rate hike in December.
Higher inflation and the possibility of tighter monetary policy can affect domestic demand, financing conditions and the peso. The article does not identify a direct change in feed or agricultural commodity supply or demand.
Not enough comparable past events yet for a historical read.
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