Central bank to assess GDP impact on inflation


Posted at Aug 26 2010 12:22 PM | Updated as of Aug 26 2010 08:22 PM

MANILA, Philippines  - The central bank will review its growth estimates and assess the possible impact of higher-than-expected annual growth in the second quarter on inflation, governor Amando Tetangco said on Thursday.

"The GDP figures released were higher than expected, and put us at a position where full-year GDP could fall above this year's GDP growth target," he said in a mobile text message to reporters.

 "We will update our forecasts to incorporate this new information and consider its impact on the forecast inflation path over the policy horizon."