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Inflation could hit 4.2% in June – Bangko Sentral

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Inflation News

Could,Hit,4.2%

HIGHER food prices, a weaker peso and costlier fuel could push inflation beyond target this month, the Bangko Sentral ng Pilipinas (BSP) said Friday.

HIGHER food prices, a weaker peso and costlier fuel could push inflation beyond target this month, the Bangko Sentral ng Pilipinas said Friday.The central bank's estimate of 3.4 to 4.2 percent still allows for a potential decrease from May's 3.9 percent, but also extends beyond its 2.0- to 4.0-percent target.It should also be noted that the central bank also had a much higher forecast for May of 3.7 to 4.5 percent.

on Thursday said that monetary authorities still expected inflation to breach target until July but then decline for the rest of the year.The central bank's policymaking Monetary Board kept key rates unchanged for a sixth consecutive meeting this week and also lowered its inflation forecasts for 2024 and next year.The risk-adjusted forecast for this year was trimmed to 3.1 percent from 3.8 percent and that for 2025 was also cut to 3.1 percent from 3.7 percent.

Could Hit 4.2% In June Bangko Sentral

 

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