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Published July 26, 2021, 7:00 AM Results of the central bank’s survey of private sector economists showed a lower 4.1 percent mean inflation forecast for 2021, down from its previous (March) survey of 4.3 percent. “Analysts expect inflation to gradually move towards the government’s target range in 2021, with risks to the inflation outlook generally tilted to the upside on expectations that the continued vaccine rollout will help further reopen the economy,” the Bangko Sentral ng Pilipinas (BSP) said in its second quarter inflation report, which also includes the quarterly Private Sector Economists’ Inflation Forecasts. For next year and in 2023, surveyed analysts raised their mean inflation forecasts. Their estimate for 2022 was raised to 3.2 percent from 3 percent, and to 3.1 percent for 2023 from its previous estimate of three percent.

Bangko sentralBenjamine dioknoPrivate sector economist inflationMonetary boardபண பலகை