BSP sees March inflation at 2.1 to 2.9 percent


Posted at Mar 25 2015 06:01 PM | Updated as of Mar 26 2015 02:01 AM

MANILA - The Philippine central bank expects annual inflation in March to be between 2.1-2.9 percent, reflecting lower transport, electricity, food and fuel costs, its governor said on Thursday.

"The BSP (central bank) will continue to monitor developments that could affect inflation in line with the BSP's commitment to price stability, conducive to a balanced and sustained economic growth," Governor Amando Tetangco said in a mobile text message.

Annual inflation was 2.5 percent in February.

The central bank meets on March 26 to review policy. It is widely expected to leave interest rates on hold with inflation forecast to fall within its 2-4 percent target this year.