Philippines Inflation Rate Forecast

MANILA (Reuters) – The Philippines’ inflation rate could settle around 3.2% this year, according to the finance minister on Friday, which would give the central bank room to further cut rates.

“This gives the BSP more room to be aggressive in its monetary policy easing to help the economy grow at a faster rate and support the government in increasing its revenue collections,” Finance Minister Ralph Recto said in a statement.

Inflation was at 1.9% in September, the slowest in over four years.