outbrain
Close  

Gatchalian: ‘Better than expected’ June inflation to give BSP ‘more flexibility’

By: - Reporter / @DYGalvezINQ
/ 02:19 PM July 05, 2019

MANILA, Philippines — The country’s 2.7% inflation in June is seen to provide the Bangko Sentral ng Pilipinas (BSP) with “more flexibility to implement policy adjustments,” Senator Sherwin Gatchalian said Friday.

This, according to the legislator, will in turn help spur the economy and lift the country’s gross domestic product (GDP).

ADVERTISEMENT

READ: Inflation eases to 22-month low of 2.7% in June

“The better-than-expected June inflation result will provide the Bangko Sentral ng Pilipinas with more flexibility to implement policy adjustments which will help spur the economy and lift the country’s gross domestic product back to 6 percent,” Gatchalian said in a statement.

FEATURED STORIES

The senator noted the easing inflation in June was lower than the average forecast of economic analysts.

Philippine Statistics Authority (PSA) data released Friday showed that last month’s headline inflation rate was the lowest since the 2.6 percent posted in August 2017.

RELATED STORY

Lower inflation rates contradict prices of basic goods—Bayan Muna

(Editor: Katherine G. Adraneda)

ADVERTISEMENT
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: BSP, Economy, inflation rate, June 2019, Local news, national, national news, news, Philippine news updates, Sherwin Gatchalian
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.