Monetary policy to stay vigilant – BSP officials Even as inflation loses steam 12 SHARES Share it! When oil and rice prices started to decline both in the global and domestic markets, domestic inflation is trending down. “While the BSP will remain data dependent when the Monetary Board meets next week, it is quite clear that inflation has started to lose momentum and that should be considered in the discussion of the next monetary policy move,” said Guinigundo. Guinigundo, in the meantime, called for continued vigilance in both monetary and non-monetary policy makers amid “continuing uncertainty in the global markets including oil as it could affect inflation expectations.”The Monetary Board’s next and last policy meeting for 2018 is on December 13. The BSP Department of Economic Research had forecasted a November inflation range of 5.8 percent to 6.6 percent.

Source: Manila Bulletin December 05, 2018 13:52 UTC