6 months BSP sees below 4% March inflation MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) forecasts a low 3.1 percent inflation for March with stable rice supply, but the rate could still hit a high of 3.9 percent due to higher oil prices. MB file photo. The BSP Department of Research sees a 3.1-3.9 percent range for possible March inflation, the first time in more than a year that it announced an inflation forecast below four percent, which was still the high end of the 2-4 percent target for this year. In February, actual inflation slipped to 3.8 percent from 4.4 percent in January, for ... more