BSP keeps inflation target for 2015-2018

The government has decided to keep its 2-percent to 4-percent inflation target for this year until 2016, and approved the same target range for 2017 to 2018, in line with the assessment that inflation rate in the country will remain manageable in the medium team.

“The current 3.0 percent + - percentage point (or 2 percent to a 4 percent) fixed annual target for 2015-2016 set by the government remains well attuned to the dunamics of the Philippine economy,” the Bangko Sentral ng Pilipinas (BSP) said in a statement issued on Tuesday.