Inflation might have resumed its downtrend in August due to lower pump prices, a stronger peso and more affordable rice, meat and fish, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP) that, if realized, would vindicate its decision to cut interest rates early. In a statement on Friday, the BSP projected inflation last month to have settled between 3.2 and 4 percent, softer than the 4.4-percent price gains recorded in July. That prediction of the central bank assumed that inflation likely returned to its 2- to 4-percent target range in August following a flare-up in July. […]…
Keep on reading: BSP: Inflation might have slowed in Aug
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