World

Philippines Grapples with Severe El Niño and Inflation

Updated 2026-10-14 04:40 UTC 1 source Negative

The Philippine central bank is adjusting its economic policies to address the impact of a severe El Niño event on top of rising oil prices, leading to higher inflation.

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CNBC

'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.

2026-10-14 04:24 UTC