The Bangko Sentral ng Pilipinas (BSP) on Thursday said that inflation this month likely settled below the 3-percent to 5-percent full-year target.
“August inflation is expected to remain benign at 1.9 percent to 2.7 percent despite the recent weather disturbances, peso weakness and uptick in petrol prices,” BSP Governor Amando Tetangco Jr. said in a text message to reporters.
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