4 months Analysts forecast lower inflation for next 3 years MB |Biz
By Lee C. Chipongian Economists polled by the Bangko Sentral ng Pilipinas (BSP) said inflation forecasts will stick to below the four percent level this year until 2021 with downward pressures overshadowing risks to inflation. MB file photo. In its latest BSP Private Sector Economists Survey for end-first quarter, the market’s inflation expectations for this year have dropped to 3.3 percent from 4.1 percent in the December 2018 survey. The survey showed lower forecast for 2020 at 3.4 percent from the previous estimate of 3.8 percent, while for 2021 the mean inflation forecast was also 3.4 percent. Based on the ... more