Macro Finance
'Godzilla El Niño' is wreaking havoc with Philippine central bank's inflation forecasts
CNBC Economy·October 14, 2026·1 min read
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high. The so-called 'Godzilla El Niño' threatens to disrupt food supply and energy prices, complicating the bank's inflation forecasts and potential rate decisions.
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