April inflation to settle within 3.6%-4.5% – BSP

The central bank expects price pressures to ease in April and let inflation settle within the 3.6 percent to 4.5 percent range. But it said it remains watchful of liquidity and credit growth and how they may be affected by global developments.

In a text message to reporters on Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the inflation forecast incorporates both possible upward pressures from rice prices due to the lean season, adjustments in electricity rates, and possible lower prices of other food items during the month.