Manila Bulletin
BSP anticipates lower inflation in April
The Bangko Sentral ng Pilipinas (BSP) anticipates a further decrease in the country's inflation rate for April 2020, citing the decline in global oil prices and a price freeze on basic necessities.
The inflation rate in March 2020 recorded at 2.5 percent, which is lower than the 2.6 percent in February and 2.9 percent in January, falling within the BSP's forecast range.
BSP Governor Benjamin Diokno attributed the expected lower inflation to the collapse of world oil prices, a price freeze on basic necessities, and minimal increases in utility costs.
The central bank views the current inflation data as consistent with its assessment that inflation is expected to remain benign due to the adverse economic impact of the COVID-19 pandemic.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Bangko Sentral ng Pilipinas (BSP) had a March inflation forecast range of 2% to 2.8%, with economists estimating it to be 2.3%, marking a potential second consecutive month of easing inflation.
+2
Read more →
Headline inflation in the Philippines slowed to 2.5% in March 2020, down from 2.6% in February 2020 and 3.3% in March 2019.
+1
Read more →
The Philippine peso strengthened against the US dollar to P50.68 on Tuesday, appreciating by four centavos from its P50.72 close on Monday.
Read more →
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno indicated readiness to lower the key policy rate below 3% to mitigate the economic impact of the "once in a lifetime crisis."
+1
Read more →