BSP to stick with a range for inflation target - BusinessWorld Online

BSP chief says inflation expectations 'more or less anchored'

Inflation expectations anchored, below target at an average of 1.7% Central bank remains ‘data dependent’ on future rate decisions BSP to review policy on December 11 PANGLAO, Philippines — Inflation expectations in the Philippines are “more or less anchored”, its central bank governor said on Monday, adding he was “happy” at consumer price increases averaging below their target level over the […] The post BSP chief says inflation expectations ‘…

BSP to stick with a range for inflation target - BusinessWorld Online

PANGLAO, Bohol — The Bangko Sentral ng Pilipinas (BSP) said it plans to continue setting a range for its inflation target amid potential risks of having a precise goal. “So, as you know, our current target is 3% plus or minus 1%. Our recent inflation rates are actually even below that range, doing 1.7%…” BSP Governor Eli M. Remolona, Jr. said at a press briefing after a central banking symposium held here on Monday. “I think this is consistent w…