BSP sees slight uptick in inflation this year

The Bangko Sentral ng Pilipinas (BSP) expects inflation to rise slightly this year but remain within the target range of 2-4% for both 2020 and 2021.

Governor Benjamin Diokno cited potential volatility in international oil prices and weather disturbances as near-term risks, while Deputy Governor Francisco Dakila Jr. noted favorable GDP growth in Q4 2019.

Deputy Governor Dakila also stated that inflation is likely to settle closer to the midpoint of the target range, with upside risks including geopolitical tensions and the African Swine Fever's impact on food prices.