THE central bank expects a slight downward adjustment in its baseline inflation forecasts after utilities concessionaire Manila Water Co. Inc. announced that it would be slashing its basic water charges beginning this year.

“With the recent developments in the dispute case filed by Manila Water, particularly the Appeals Panel’s decision to approve a negative adjustment in Manila Water rates, we expect a very slight downward adjustment in the baseline inflation forecasts,” Diwa Guinigundo, deputy governor at the Monetary Stability Sector of the Bangko Sentral ng Pilipinas (BSP), said in a text message to reporters.

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