BSP lowers 2019 inflation outlook to 2.5%

Sep 26, 2019 12:25 am

THE Bangko Sentral ng Pilipinas (BSP) revised downward its average inflation forecast for this year to 2.5 percent, its head said on Wednesday.

“Based on [the] BSP’s latest projection, inflation is expected to average at 2.5 percent for 2019, lower relative to the previous forecast of 2.6 percent [as of Aug. 8, 2019] and lower than the official target range of 3.0 percent ± 1.0 percentage point,” BSP Governor Benjamin Diokno said in a message to reporters.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.