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The Philippine economy fared better in the second quarter of 2015 as opposed to the previous quarter, growing by 5.6% year-on-year. Inflation hit a new low in September, and policy rates remained unchanged as the BSP currently sees no immediate need for stimulus on their part. Investors maintained a cautious approach to the market, monitoring China's deceleration and the US Federal Reserve's possible interest rate hike. Locally, businesses and consumers are optimistic about the final quarter of the year, as increased production and spending may boost economic growth to end the year on a high note.