2016 inflation forecast lowered

2016 inflation forecast lowered

PHILIPPINE economic authorities determined on Thursday to hold key hobby charges during their 6th coverage assembly for the yr as inflation remained achievable and financial pastime endured to be firm.

Analysts, on the other hand, offered exceptional timeframes on when the Bangko Sentral ng Pilipinas (BSP) could spoil the status quo.

The critical financial institution additionally decreased its inflation forecast for the year to at least one.7 percent from 1.Eight percentage. Its inflation forecasts for 2017 and 2018 were retained at 2.Nine percentage and a couple of.6 percent, respectively.

The charge for the opposite repurchase (RRP) facility became also kept at three.0 percentage, at the same time as the corresponding fees for in a single day lending and deposit facilities had been kept consistent at three.5 percent and 2.5 percentage, respectively. The reserve requirement ratio became also left unchanged at 20 percent.