Climate event strains domestic food production capacity while the central bank raises rates to combat inflation in the Philippines.
14 reports, 4 independent
Updated Sun 00:00
Still developing
- Reports
- 14
- Developments
- 5
- Repetition
- 71%
New informationRepeats or wire copies
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What happened
Climate event strains domestic food production capacity while the central bank raises rates to combat inflation in the Philippines.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Middle East war is now cited as a driver of oil price increases alongside El Niño's impact.1 source
Inflation risk rises due to severe El Niño and escalating Middle East war.1 source
BSP addresses inflation risks driven by peso depreciation, fuel prices, and El Niño impacts.1 source
- The Bangko Sentral ng Pilipinas is considering the risks posed by El Niño in its monetary policy decisions for the Philippines.Sub-event
BSP raises rates amid food production strain caused by El Niño in the Philippines.1 source
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The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Philippines
archipelagic country in Southeast Asia
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El Niño
Spanish rap artist
Related events
- Industry groups highlight rising food and energy costs due to El Niño and conflict in Iran, exacerbating the cost-of-living crisis.
- El Niño caused significant agricultural losses in the Philippines, leading to monitoring by PAGASA and response from the Senate and UN.
- El Niño is threatening rice yields and causing drought and flooding in the Philippines.
- Climate crisis drives demand for agrarian reform in Negros.
- El Niño is affecting the wider Asia-Pacific region, impacting the Philippines, and being monitored by the World Meteorological Organization.