ECONOMISTS surveyed by the Bangko Sentral ng Pilipinas (BSP) expect inflation to settle at 3.3 percent this year, citing downward pressures from lower global oil prices, electricity rates, and uncertainty about the global economy.
The consensus was higher than the Bangko Sentral’s forecast of 3.1 percent, a central bank report released over the weekend showed. It also noted a high probability that inflation would stay within the 2 percent to 4 percent target for the year.
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