Inflation 'manageable' despite pick-up in September: central bank


Posted at Oct 05 2017 03:06 PM

MANILA - Inflation remains "manageable" even as consumer prices in September rose at the fastest clip so far this year, Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Thursday.

The consumer price index will settle within the 2 to 4 percent target from this year until 2019, Espenilla said in a statement

"Firm domestic economic activity, sufficient liquidity, and well-anchored inflation expectations continue to support current policy settings," the governor said.

"However, BSP will continue to closely monitor emerging economic and financial developments to determine scope for further refinement of policy instruments," he said.

The central bank may raise its benchmark rate by 25 basis points as early as the fourth quarter as core inflation, which excludes volatile food and fuel prices, rises steadily, Singapore-based DBS Bank said earlier this week.