The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept its key interest rates unchanged but adjusted upward its inflation forecasts for 2015 and 2016.
The BSP now projects inflation for full-year 2015 at 2.3 percent, up from a previous forecast of 2.2 percent. For 2016, it raised its forecast to 2.6 percent from 2.5 percent.
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