Room for BSP policy optionsPrivate analysts share the view of the BSP that the latest inflation print creates some room for the central bank’s monetary policy options. Taking into account the deceleration in June inflation, Australia’’s ANZ Research cut its 2017 and 2018 inflation forecasts, as well as its policy rate call. In the past, the central bank tended to respond by tightening macro prudential regulations,” Victorino said. Deceleration ‘to continue’The NEDA said the moderate inflation rate recorded in the first six months of 2017 is expected to continue during the rest of the year. For the first half of 2017, headline inflation settled at 3.1 percent and core inflation at 2.8 percent.

Source: Manila Times July 05, 2017 17:03 UTC