Economy· August 17, 2026 at 10:03 a.m.
Philippine Central Bank Forecasts Gradual Inflation Ease, Upside Risks Persist
Key takeaways
- BSP predicts gradual inflation easing
- Inflation projected to average 4.9% in 2023
- Upside risks to inflation persist
The Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, has predicted a gradual easing of inflation in the country. However, it cautioned that risks remain skewed towards an upward trend. The BSP made this announcement on Tuesday, stating that the consumer price index (CPI) is projected to average 4.9% this year and 3.8% in 2024.