Daily News

BSP lowers ’19 inflation forecast again

The Bangko Sentral ng Pilipinas (BSP) or central bank lowered its inflation forecast for the year another notch, further raising expectations that it would cut interest rates again to help boost economic growth when the policy-making Monetary Board convenes on Thursday. According to BSP Governor Benjamin Diokno, based on latest projects, inflation is expected to average at 2.5% for 2019, which is lower relative to the previous forecast of 2.6% as of August 8, 2019.