BSP says inflation to slow, peso may decline

MANILA - Bangko Sentral Governor Amando Tetangco said inflation is expected to further slow to 2-4% in 2015, which gives it more room to cap or cut interest rates to boost growth. Inflation slowed to a 4-year low in July to 2.5%. Meanwhile, Tetangco also said the peso may depreciate, together with other regional currencies. While that could inflate prices of imports including oil, it's good for dollar earners like OFWs, BPOs and exporters. - Report from RG Cruz, ABS-CBN News ANC News Now, August 7, 2013