Low inflation target will not hamper 2015 growth – DOF

The government’s low inflation target for next year is not likely to hamper Philippine economic growth, a government economist said on Tuesday.

Gil Beltran, Department of Finance (DOF) undersecretary and chief economist, made that statement following a recent Standard Chartered Bank report that the government’s 7 percent to 8 percent growth target for 2015 looks “ambitious” when combined with the central bank’s 2 percent to 4 percent inflation target for next year.