SOUNDING hawkish after affirming that inflation might have spiked near the 5 percent ceiling of the 2014 forecast range just halfway through the year, as predicted late last week by analysts quoted by The Manila Times, the central bank said it is ready to adjust one of its anti-inflation measures to avert any further upward pressures on consumer prices.

“The forecast for June inflation is a range of 4.1 to 5 percent,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said in a text message to reporters at the weekend.

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