Philippines ‘between rock and a hard place’ over surging energy prices
Central bank governor warns that raising rates to tackle inflation could hit already weak economic growth
Central bank governor warns that raising rates to tackle inflation could hit already weak economic growth

In the Philippines, surging fuel prices have forced a rethink of energy policy and even relations with China

Convulsions in energy markets, often driven by Donald Trump’s posts on Truth Social, are complicating inflation forecasts

Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

US central bankers balance surging energy prices against signs of weakening labour market

France and Italy are monitoring petrol prices for evidence of price gouging

Policymakers warn risks to economy from energy shock driven by Middle East conflict have ‘intensified’