Inflation likely rose further in March to beyond the government’s target band, raising the possibility of a hike in key interest rates later this year, analysts polled by The Manila Times said.

Forecasts for the month ranged from 4.2-4.4 percent with a 4.2 percent average, higher than the 3.9 percent recorded in February and breaching the 2.0-4.0 percent target range.

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