Philippines Central Bank Keeping 2012, 2013 Inflation Forecasts

Philippine inflation is expected to be within the lower half of the central bank’s goal this year and in 2013, as subdued global activity tempers commodity price increases.

Bangko Sentral ng Pilipinas kept its inflation forecast of 3.1 percent for this year and 3.4 percent next year, Deputy Governor Diwa Guinigundo told reporters in Manila today. Rising oil prices and capital inflows pose a risk to inflation, he said.

To contact the reporter on this story: Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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