MANILA, Sept 5 The Philippine central bank will
consider the uptick in annual core inflation in August, which
rose to 3.4 percent from 3.0 percent in July, in reviewing
policy settings at next week's meeting, Bangko Sentral ng
Pilipinas (BSP) Governor Amando Tetangco said on Friday.
Headline inflation in August was steady at 4.9 percent, the
statistics agency said, but core inflation climbed to its
highest in at least six months.
Analysts expect the BSP to raise its overnight borrowing
rate, or the rate on its short-term special deposit accounts
(SDAs), or both, by another 25 basis points at its meeting on
The central bank raised its policy rate in July - the first
in three years - to 3.75 percent to stay on top of rising
prices. The SDA rate is at now 2.25 percent.
(Reporting by Rosemarie Francisco; Editing by Paul Tait)