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BSP projects slower inflation in June

THE Bangko Sentral ng Pilipinas (BSP) said on Wednesday the country's headline inflation rate likely dropped to a five-month low of 4.3 percent in June.

BSP Governor Benjamin Diokno said in a statement that June's point inflation projection was within the central bank's expected range of 3.9 to 4.7 percent for the month.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno.