Thursday 24 May 2018
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4 months ago

BSP raises 2018 inflation forecast to 4.3%

The Bangko Sentral ng Pilipinas expects inflation to average 4.3 percent this year and breach the 2-4 percent projected range due to the impact on consumer prices of the first tax reform package and the expected oil price hikes. The Monetary Board, the BSP s policy-making body, kept the policy rate steady at 3 percent while also maintaining the prevailing rates for the overnight lending and deposit facilities. In a statement, Governor Nestor A. Espenilla Jr. said the BSP s latest baseline forecasts showed

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