6 months Economists expect 3.3% inflation for 2019 – BSP Manilatimes |Biz
ECONOMISTS see inflation settling at 3.3 percent this year, the Bangko Sentral ng Pilipinas (BSP) said, higher than its 3.0-percent full-year forecast but still within the 2.0-4.0 percent target. In the First Quarter Inflation Report released on Friday, the central bank said the latest figure was a decrease from “4.1 percent in the December 2018 survey.” Analysts expect downward pressures to dominate the risks to the inflation outlook, according to the BSP. “Possible downside risks to inflation include the implementation of the rice tariffication law, which is expected to improve domestic rice supply and stabilize prices, and lower global crude ... more