MANILA: Inflation could settle within the 2% to 4% target range of the Bangko Sentral ng Pilipinas (BSP) this year until 2026 barring any supply shocks, a condition that would be supportive of the central bank’s ongoing campaign to boost economic growth, says Metrobank Research.
In a commentary, Metrobank said it expects inflation to average 3.2% in 2024 and in 2025, although it noted that “demand-side” price pressures would increase as the BSP continues to reduce borrowing costs.
