The Philippines faces pressure to hike rates as peso weakens, inflation persists, economist says - CNBC

ING economist Nicholas Mapa says inflation in the Philippines may linger, unless oil prices come down and offer a reprieve in the back half of the year.

A weakening peso, a widening current account deficit and rising inflation will put pressure on the Philippine central bank to hike interest rates when it meets on Aug. 18, an economist told CNBC's "S… [+2205 chars]

full article...