The country’s headline inflation rate likely fell within the range of 1.8 percent to 2.7 percent in January as price pressures continued to ease according to Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr.
Tetangco in a text message to reporters said that inflation for the whole year will be well within the target range of two to four percent.
In December, headline inflation moved at a slower pace of 2.7 percent from the 3.7 percent posted in November. Inflation in 2014 averaged at 4.1 percent, settling within the 3 percent to 5 percent target range.
“BSP will watch economic and financial developments, including the balance of global liquidity, its impact on global inflation and growth dynamics, and how these would translate to investment sentiment, financial market moves, and domestic market inflation expectations,” the BSP chief said.
At its December 11 meeting, the Monetary Board adjusted downward its forecast for 2015 inflation to 3 percent from 3.7 percent.