Inflation ‘nearing peak,’ rate hike likely in Q3

Headline inflation in March matched the average 3.4 percent of a range of forecasts made earlier by analysts polled by The Manila Times, marking the highest in more than two years, which an analyst said may also be nearing the peak for 2017.

ANZ Research economist Eugenia Victorino expects inflation this year to settle in the upper half of the central bank’s 2 percent to 4 percent forecast range.