{"id":207732,"date":"2019-03-30T03:47:33","date_gmt":"2019-03-30T07:47:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=207732"},"modified":"2019-03-30T03:47:33","modified_gmt":"2019-03-30T07:47:33","slug":"bsp-sees-march-2019-inflation-between-3-1-3-9","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/03\/30\/bsp-sees-march-2019-inflation-between-3-1-3-9\/","title":{"rendered":"BSP sees March 2019 inflation between 3.1-3.9%"},"content":{"rendered":"<figure id=\"attachment_151973\" aria-describedby=\"caption-attachment-151973\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-151973\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas.jpg\" alt=\"\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas-768x510.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/Bangko-Sentral-ng-Pilipinas-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-151973\" class=\"wp-caption-text\">BSP\u2019s policy-making Monetary Board (MB), during its rate setting meeting last March 21, reduced the average inflation forecast to three percent from the 3.1 percent set the previous month. (File <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/826647094065788\/?type=3&amp;amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/\">Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0&#8212; Higher oil prices and power rates are seen as upside risks to the country\u2019s March 2019 inflation rate, which the Bangko Sentral ng Pilipinas (BSP) forecasts to stay between 3.1 and 3.9 percent.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The lower end of the projected range is way below the 3.8 percent rate of price increases in the country last February.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In a statement Friday, the BSP said its Department of Economic Research (DER) considers the lower prices of rice on account of arrival of rice imports, and other agricultural products as factors that would help offset the impact of elevated oil and electricity prices.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cGoing forward, the BSP will continue to closely monitor evolving inflation dynamics and ensure that the monetary policy stance remains appropriate to support BSP&#8217;s price stability objectives,\u201d it added.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Domestic inflation rate returned to within-target level last February, but average to date is at 4.1 percent, still above the two to four-percent target band until 2022.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">BSP\u2019s policy-making Monetary Board (MB), during its rate setting meeting last March 21, reduced the average inflation forecast to three percent from the 3.1 percent set the previous month.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The 2019 average inflation forecast remained at three percent.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Higher oil prices and power rates are seen as upside risks to the country\u2019s March 2019 inflation rate, which &hellip;<\/p>\n","protected":false},"author":44,"featured_media":151973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-207732","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/207732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=207732"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/207732\/revisions"}],"predecessor-version":[{"id":207733,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/207732\/revisions\/207733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151973"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=207732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=207732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=207732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}