Philippine National Statistics Office released on the 7th of the data showed, with the day-to-day supplies of food and lower prices, the Philippines, in June this year the inflation rate to 1.5%, the lowest level in 22 years.
Data show that the inflation rate in June than the same period last year only 11.4 percent, also lower than in May of this year's 3.3%. Prior to the Philippines Central Bank expects the inflation rate in June will be from 1.2 to 2.1 percent between. Philippines inflation rate in April 1987 had been as low as 1%.

Analysts believe that the inflation rate continued to decline in favor of the Philippine central bank to stimulate economic growth and the adjustment of monetary policy, the Philippine central bank is expected this week will once again cut benchmark interest rates.

Since December last year, the Philippines central bank has cut benchmark interest rates five times, a total of 1.75 percentage points lower. At present, Philippine banks overnight deposit and lending rates were 4.25% and 6.25%.

2009-7-10