INFLATION will likely remain within the 2.0- to 4.0-percent target range over the next two years amid continued upside risks, analysts polled by the Bangko Sentral ng Pilipinas (BSP) said.
INFLATION will likely remain within the 2.0- to 4.0-percent target range over the next two years amid continued upside risks, analysts polled by the Bangko Sentral ng Pilipinas said.'Results of the BSP's survey of external forecasters for June 2024 showed inflation expectations staying near the upper end of the target range for 2024,' a central bank report on last month's Monetary Board meeting stated.
The survey respondents forecast a 3.7-percent result for this year, unchanged from May, while the projections for 2025 and 2026 edged down to 3.4 percent and 3.3 percent, respectively, from 3.5 percent and 3.4 percent previously.'Analysts expect within-target inflation over the policy horizon, although upside risks continue to dominate their outlook owing to supply side pressures and potential second-round effects,' the central bank report states.
Seen Staying Within Target To 2026
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