The Bangko Sentral ng Pilipinas (BSP) expects higher inflation this year, but gives no clue if a policy tightening is on the horizon.
The inflation rate “is moving up slightly, but the overall assessment right now is that for 2014, the average inflation rate would still fall within the inflation target range of 3 percent to 5 percent,” BSP Governor Amando Tetangco Jr. said in his keynote speech at the Security Bank Economic Forum on Friday.
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