Wednesday, April 4, 2007

Inflation hit a 20-year low of 2.2% in March

(UPDATE 2) Inflation hits 20-year low of 2.2%

MANILA, Philippines -- Inflation hit a 20-year low of 2.2 percent in March, helped by a strong peso, but interest rates may still go up this year due to red-hot money supply growth and the likelihood price pressures will re-emerge.

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