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Philippine central bank maintains 2017, 2018 inflation forecasts
May 11, 2017 / 8:17 AM / 6 months ago

Philippine central bank maintains 2017, 2018 inflation forecasts

MANILA (Reuters) - The Philippine central bank on Thursday kept its inflation forecasts for this year and 2018 unchanged, but said risks were tilted to the upside.

A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo

It maintained its average inflation forecast for 2017 at 3.4 percent, and for 2018 at 3.0 percent, central bank managing director Francisco Dakila told a news conference.

The central bank, which has a 2-4 percent inflation target for this year and next, kept its benchmark interest rate PHCBIR=ECI steady at 3.0 percent, as expected.

Reporting by Neil Jerome Morales and Enrico dela Cruz; Editing by Jacqueline Wong

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