BSP PR
The BSP Department of Economic Research projects inflation for September 2020 to settle within the 1.8 – 2.6 percent range.
Lower rice and oil prices as well as Meralco power rates, along with the continued appreciation of the peso are expected to be the primary sources of downward price pressures for the month. These could be partly offset by the slightly higher price of LPG.
Moving forward, the BSP remains watchful of economic and financial developments, and stands ready to take necessary policy actions to ensure the delivery of its primary mandate of price stability conducive to a balanced and sustainable economic growth.
