Philippine Inflation Upticks Seen Temporary, Well-Managed by BSP

{BSP} Governor {Benjamin Diokno} maintains that recent upticks in inflation are temporary and driven by supply-side factors such as weather disturbances and global oil prices.

The rate of price increases surpassed the government's target band of 2-4% for two consecutive months, reaching 4.7% in February.

Despite this, {Diokno} asserts that average inflation is expected to remain within the forecast range of 2-4% for the next three years.

{Monetary officials} emphasize that inflation expectations are well-anchored and they will continue monitoring developments before considering any changes to policy rates.