Category : Press Release
Date : November 27, 2020
Agency : Bangko Sentral ng Pilipinas
Title : Month-Ahead Inflation Forecast for November 2020
Article : The BSP projects November 2020 inflation to settle within the 2.4 – 3.2 percent range. Higher domestic oil prices, as well as the impact of weather disturbances on the prices of rice and select agricultural commodities contributed to upward price pressures during the month. These could be partly offset by the downward adjustment of electricity rates in Meralco-serviced areas and the continued appreciation of the peso. Looking ahead, the BSP will remain watchful of economic and financial developments to ensure that its primary mandate of price stability conducive to balanced and sustainable economic growth is achieved.?