For 2024, all analysts expect the bsp to cut the key policy rate by a range of 50 bps to 225 bps. Data from psa showed that the country's inflation rate significantly slowed to 2.8 percent in january 2024 from 3.9 percent in december 2023.
The philippines’ headline inflation or overall inflation increased to 3.8 percent in april 2024 from 3.7 percent in march 2024. Private sector economists expect june inflation to be close to the higher end of the government’s target range of manageable consumer price.
Inflation Comes In At Highest Level Since December 2023 In February.
This brings the national average inflation from january to may 2024 to 3.5 percent.
This Brings The National Average Inflation.
Rate cuts are unlikely to be on the table of the bangko sentral ng pilipinas (bsp) this year as inflation—while softening—is still close to the upper end of the central bank’s 2 to 4.
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Inflation Rate In Philippines Is Expected To Be 8.30 Percent By The End Of This Quarter, According To Trading Economics Global Macro Models And Analysts Expectations.
They also anticipate further cuts of 25 bps to 200 bps in 2025.
Economists Surveyed By The Bangko Sentral Ng Pilipinas (Bsp) Expect Inflation To Fall Within The Target Range In 2024 At Four Percent Average Versus The.
The philippines’ headline inflation or overall inflation increased to 3.9 percent in may 2024 from 3.8 percent in april 2024.