Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said a pause in its tightening cycle is in sight if April inflation will be lower than March’s 7.6 percent. ManilaBulletin
“February and March month-on-month inflation rates were very low. If April month-on-month inflation is also low, that’s three consecutive months of low in month inflation, which could be supportive of a pause,” the BSP chief told Manila Bulletin.
On a month-on-month seasonally adjusted basis, inflation was “nil” in March from 0.3 percent in the previous month, based on BSP data. In February, inflation slowed down to 0.3 percent versus one percent in January. In an April 5 commentary, right after the March inflation data was announced, Bank of the Philippine Islands analysts said that while an increasing core inflation may still convince the BSP to tighten monetary policy, they also see a pause if inflation loses steam for three consecutive months.
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