THE inter-agency Development Budget Coordination Committee (DBCC) on Thursday trimmed its inflation forecast for 2019 to between 2.7 percent and 3.5 percent from the earlier 3.0-to-4.0 percent range, but maintained its economic growth projections.
In a briefing after the committee’s 176th meeting in Manila, Janet Abuel, officer-in-charge of the Department of Budget and Management, said the lowered inflation projection was “due to the government’s decisive steps to stabilize the general price level.”
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