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Nomura expects the Philippine central bank to raise its policy rate by 50 basis points in December and another 25 basis points in the first quarter of 2027. The forecast follows October inflation rising to 7.8%, with core inflation also accelerating.
Further rate increases could support the peso and temper imported-cost inflation, but tighter monetary conditions may weigh on domestic demand. The story does not identify a direct change in feed-commodity supply or demand.
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