{"id":33945,"date":"2014-12-05T17:14:06","date_gmt":"2014-12-05T09:14:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=33945"},"modified":"2015-09-20T14:58:25","modified_gmt":"2015-09-20T06:58:25","slug":"bsp-confident-of-manageable-inflation-in-phl","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/05\/bsp-confident-of-manageable-inflation-in-phl\/","title":{"rendered":"BSP confident of manageable inflation in PHL"},"content":{"rendered":"
\"Bangko<\/a>
Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n

MANILA — The big drop in the country’s rate of price increases in November 2014 made Philippine monetary officials confident of manageable domestic inflation environment.<\/p>\n

This after inflation rate last November declined to 3.7 percent from month-ago’s 4.3 percent, bringing the average for the 11-month period to 3.3 percent.<\/p>\n

“This makes us poised to meet the 2014 target,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said in a text message to reporters Friday.<\/p>\n

The central bank’s inflation target for the year is a range between three to five percent.<\/p>\n

The inflation rate last November is slightly higher than year-ago’s 3.3 percent.<\/p>\n

Tetangco noted that “with lower international oil prices and a firmer peso, we are likely to see continued manageable inflation.”<\/p>\n

“Over the policy horizon, we will continue to monitor global developments, particularly possible volatility in international commodity prices that could result from current ultra low prices , the growth prospects in the US and EU, (and) path of normalization in AEs (advance economies),” he said.<\/p>\n

The central bank chief also said that they ” will monitor how these global developments will affect domestic growth prospects and inflation” as well as impending natural calamities.<\/p>\n

“We will adjust the stance of policy as necessary to respond to the emerging balance of risks to inflation,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

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