Govt keeping 2%-4% inflation target – BSP

The Inter-agency Development Budget Coordination Committee (DBCC) has maintained the government’s inflation target at 2 percent to 4 percent for the next three years in line with the central bank’s assessment of latest developments.

“The 3.0 percent plus or minus 1.0 percentage point fixed annual target for 2016 to 2018 … remains suitable to the Philippine economy and is consistent with the country’s evolving price dynamics and sustained economic growth objectives,” the Bangko Sentral ng Pilipinas said late on Tuesday.