Fi­nance exec

Panay News - - BUSINESS -

Thurs­day.

In­fla­tion for veg­eta­bles likely slowed to 4.7 per­cent from 8.1 per­cent, Bel­tran said, as he noted a de­cline in the elec­tric­ity rates last May.

“In­fla­tion de­cline will give pol­i­cy­mak­ers ad­e­quate room for ma­neu­ver to sus­tain rapid eco­nomic growth in the face of another pos­si­ble ad­just­ment in the Fed rate in June,” Bel­tran said.

Gross do­mes­tic prod­uct grew 6.4 per­cent in the first three months of the year, slower than most fore­casts, but still among the fastest in Asia, next only to China. ( News)

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