The Bangko Sentral ng Pilipinas (bsp) has lowered its inflation forecast for 2014 to 4.3 percent on the account of the delay on the implementation of the power rate hikes and food prices.
“Based on the information available as well as the actual [inflation] rate in January, we are coming out with new forecast with 4.3 percent from the 4.5 percent [previous forecast], and 3.3 percent or slightly higher compared the 3.3 percent [previous] forecast for 2015,” BSP Deputy Governor Diwa Guinigundo said in a press briefing on Thursday.
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