Inquirer
BSP reviews 2%-4% inflation target
The Bangko Sentral ng Pilipinas (BSP) is reviewing its 2 to 4 percent inflation target range for possible revision next year.
BSP Governor Eli Remolona Jr. stated that the current three percent midpoint might be "a bit high" and suggested 2.5 percent could be a "better" midpoint.
Remolona noted that most central banks target two percent inflation, and the BSP is considering this international norm.
He explained that while some inflation is needed for economic growth and relative price adjustments, the necessity for the current scope is uncertain.
This review by the BSP comes after they resumed their easing cycle by cutting the policy rate by 25 basis points to 5.5 percent, with hints of further cuts this year.
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) has resumed its easing cycle by cutting its policy rate by 25 basis points to 5.5 percent, with the overnight deposit and lending facilities adjusted to 5 percent and 6 percent, respectively.
+5
Read more →
Economists anticipate the Bangko Sentral ng Pilipinas (BSP) will implement another 25-basis-point policy rate cut at its June 19 meeting, following a recent reduction.
+3
Read more →
The Bangko Sentral ng Pilipinas (BSP) is expected to implement a 25-basis point interest rate cut this Thursday, April 10, potentially lowering the key policy rate to 5.5 percent.
Read more →