BusinessWorld E-paper
August 17, 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely adjust its fullyear inflation forecast amid a recent rally in global oil prices, an official said on Wednesday.
BSP Deputy Governor of the Monetary and Economics Sector Francisco G. Dakila, Jr. said he would present a revised inflation outlook to the Monetary Board at its policy-setting meeting today (Aug. 17).
“Although this is not yet finalized, but actually, there might be a slight upward revision in the inflation outlook because of several developments, mostly in oil,” he told lawmakers during a Senate committee hearing.
