BSP: Philippine inflation to exceed 4% target until 2027

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects the country’s inflation rate to breach its 4 percent target until next year due to consumer price shocks from the Middle East war. “The inflation outlook has deteriorated amid the ongoing conflict in the Middle East. Higher global oil and fertilizer prices have begun feeding through to domestic fuel and food prices. At the same time, core inflation has continued to rise, pointing to a broadening of underlying price pressures,” the BSP said on Thursday. This was as the central bank announced a 25-basis point increase in its policy interest. READ: […]... Keep on reading: BSP: Philippine inflation to exceed 4% target until 2027

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