Supported by well-anchored expectations, the Bangko Sentral ng Pilipinas’ (BSP) inflation outlook this year remains in line with the 3-percent to 5-percent target range, according to BSP’s latest Inflation Report.
“Results of the BSP’s latest forecasting exercises showed that the full-year average forecast for 2013 and 2014 could fall within the lower half of the 3 [-percent] to 5-percent target range for both years,” it stated.
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