{"id":134968,"date":"2017-11-29T04:52:06","date_gmt":"2017-11-29T09:52:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=134968"},"modified":"2017-11-29T04:52:06","modified_gmt":"2017-11-29T09:52:06","slug":"bsp-sees-higher-power-rates-2-9-3-6-inflation-in-november","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/29\/bsp-sees-higher-power-rates-2-9-3-6-inflation-in-november\/","title":{"rendered":"BSP sees higher power rates, 2.9-3.6% inflation in November"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_108284\" aria-describedby=\"caption-attachment-108284\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-108284\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg\" alt=\"Oil prices climbed over 3-percent on Tuesday after major crude producer Saudi Arabia pledged to cap its exports to help ease the global oversupply. (Pixabay Photo, CC0)\" width=\"960\" height=\"642\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720-300x201.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720-768x514.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-108284\" class=\"wp-caption-text\">In a statement, BSP said its Department of Economic Research has considered the higher oil prices to push electricity rates in areas being serviced by the Manila Electric Company (Pixabay Photo, CC0)<\/figcaption><\/figure>\n<p><strong>MANILA &#8212;<\/strong>\u00a0Sustained uptick in oil prices is seen to result in further price increases this November at a range of 2.9 to 3.6 percent, the central bank estimated Wednesday.<\/p>\n<p>In a statement, the Bangko Sentral ng Pilipinas (BSP) said it\u2019s Department of Economic Research has considered the higher oil prices to push electricity rates in areas being serviced by the Manila Electric Company.<\/p>\n<p>This upward risk, it said, \u201ccould be partly offset by the slightly stronger peso for the month.\u201d<\/p>\n<p>\u201cAverage inflation is expected to remain within the national government\u2019s target range of 3.0 percent +\/- percentage point for 2017,\u201d it added.<\/p>\n<p>Last October, inflation rose to 3.5 percent from month-ago\u2019s 3.4 percent, resulting in a 3.2-percent average in the first 10 months of 2017.<\/p>\n<p>The central bank\u2019s policy-making Monetary Board (MB) eyes average inflation this year of 3.2 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; MANILA &#8212;\u00a0Sustained uptick in oil prices is seen to result in further price increases this November at a range &hellip;<\/p>\n","protected":false},"author":33,"featured_media":108284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,25428,15033,32784,18088],"class_list":["post-134968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-department-of-economic-research","tag-manila-electric-company","tag-monetary-board","tag-october","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/134968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=134968"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/134968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/108284"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=134968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=134968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=134968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}