BSP forecasts Feb inflation at 2.2%-3%, may ease rates in April

The Bangko Sentral ng Pilipinas (BSP) predicts February’s inflation to settle between 2.2% and 3%, likely staying steady or slightly lower than January’s rate of 2.9%.

Despite upward pressures from higher electricity rates, fish, meat prices, and a weakening US dollar, these are expected to be offset by declines in rice and other food items, along with the appreciation of the peso.

Analysts project inflation will remain within the 2-4% target band for the year, prompting expectations that the BSP may continue its easing cycle starting as early as April.