Based on the results of the BSP's Survey of External Forecasters made from Aug. 8 to 13, analysts pegged their inflation forecasts at an average 3.5 percent this year, down from 3.7 percent in May.
The August 2024 survey round on private economists' inflation expectations also showed a lower mean forecast of 3.1 percent from 3.5 percent for 2025 and 3.2 percent from 3.4 percent for 2026.
"Analysts' forecasts continued to move closer to the midpoint of the target range. Risks to the inflation outlook are broadly balanced, with local inflation expected to trend lower for the rest of the year," the BSP said in its latest Monetary Policy Report.
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ALI ind'l unit heating up cold storage business
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Phl bond market slows in Q2
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