Economists forecast inflation rate to stay within 2%-4% target range for 2025, 2026

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00:00Economists surveyed by the Banko Sentral ng Pilipinas or BSP have kept their inflation

00:04forecast for 2024 at 3.4% with a stable outlook over the next few years. The BSP sees inflation

00:12risk as broadly balanced, meaning factors that could push inflation up or down are seen as equally

00:18likely. While inflation is expected to stay within the BSP's target range of 2-4%, the risks for 2025

00:25and 2026 are slightly tilted to the upside, mainly due to the potential increases in electricity

00:31rates and wages outside of Metro Manila. Inflation is also expected to remain low

00:37due to lower-rise import tariffs, although it may rise later in 2025.

00:42The BSP recently cut its policy rate by 25 basis points to 6%,

00:47aiming to support economic growth and keep inflation in check.

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