Economists expect 3.3% inflation for 2019 – BSP
Credit to Author: The Manila Times| Date: Sun, 28 Apr 2019 09:31:17 +0000
ECONOMISTS see inflation settling at 3.3 percent this year, the Bangko Sentral ng Pilipinas (BSP) said in a report, higher than its 3-percent full-year forecast but still within the 2-4 percent target.
“[T]he mean inflation forecast for 2019 decreased to 3.3 percent from 4.1 percent in the December 2018 survey,” according to the central bank’s recently released First Quarter Inflation Report.
It said that analysts expected downward pressures to dominate the risks to the inflation outlook.
“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 oil prices,” the BSP added. MAYVELIN U. CARABALLO
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