Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government’s non-monetary measures such as reducing import tariff on pork may pull the inflation forecast lower to below four percent this year. Last week, the Monetary Board raised the average inflation forecast for 2021 to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects. A vegetable seller tends to a client at Paco Market. A vegetable...
Those of us who remember the fast rising prices of 2018, when the inflation rate hit a high of 6.8 percent in September, are now looking with some concern over the report this weekend that inflation just hit a two-year high of 4.7 percent. The Consumer Price Index went up to 2 percent last January....
Market competition to fight rising inflation The Department of Finance (DOF) wants to further relax the country’s trade barriers imposed on regulated products to provide more competition amid rising prices of consumer products in the domestic market. In his latest economic bulletin,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will give extra scrutiny in assessing any emerging long-term inflationary pressures due to the higher oil and some food prices when they deliberate policy settings this month. “The Monetary Board will consider carefully...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is not worried yet about an inflationary growth as the economy is trying to get off the ground on the back of a supply side-driven rising inflation. “Right now, inflation expectations are well-anchored but we continuously...
The Bangko Sentral ng Pilipinas (BSP) is projecting that the inflation rate for the first three quarters of 2021 will stay above four percent before easing back to within the 2-4 percent target in the last three months of the year. “Barring additional supply side factors, inflation is projected...
The government’s inflation target for this year will remain unchanged despite the higher than expected rate of increase in consumer prices in January, the National Economic and Development Authority (NEDA) said. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said that measures to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the expected rising inflation – mainly temporary and are coming from supply-side pressures -- does not warrant a monetary policy response, at least not yet. “The projected uptrend in inflation is seen to be temporary,”...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the BSP, as an inflation-targeting central bank, is changing the way it projects macroeconomic outlook based on the International Monetary Fund’s (IMF) forecasting and policy analysis systems (FPAS) to improve the Philippines’...
The Bangko Sentral ng Pilipinas (BSP) is projecting a 3.7 percent inflation for the month of January, up from December’s 3.5 percent, according to BSP Governor Benjamin E. Diokno. Citing the Department of Economic Research of the BSP, Diokno said the inflation forecast range is a low of 3.3...
Economists surveyed by the Bangko Sentral ng Pilipinas (BSP) have adjusted its inflation expectation higher for 2021 but steady for 2022, while the BSP continue to communicate its intention to maintain low borrowing rates. Based on the central bank’s latest Private Sector Economists’...
