You are here

Philippine central bank sees March annual inflation at 0.6-1.4%

Wednesday, March 23, 2016 - 16:27

MONEYPHILIPPHINE23032016.jpg
[MANILA] Philippine annual inflation will likely be in a range of 0.6-1.4 per cent in March, reflecting cheaper power rates and a stronger peso, the head of the Bangko Sentral ng Pilipinas said on Wednesday.

[MANILA] Philippine annual inflation will likely be in a range of 0.6-1.4 per cent in March, reflecting cheaper power rates and a stronger peso, the head of the Bangko Sentral ng Pilipinas said on Wednesday.

The bottom end of the range would mark the slowest rate in five months, while the top end would be a three-month low. Annual inflation unexpectedly eased to 0.9 per cent in February.

"The BSP will remain attentive to evolving price trends to ensure that the monetary policy stance remains consistent with the mandate of preserving price stability conducive to sustained economic growth," Governor Amando Tetangco said in a mobile phone message.

The Philippine central bank kept its benchmark interest rate steady at 4.0 per cent earler on Wednesday, as expected, amid robust economic growth and subdued inflation.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom