As expected, the MB kept the BSP key policy rate at 6.25 percent, saying that the latest baseline projections continue to suggest a gradual return of inflation to the target range of 2 percent to 4 percent over the next two years. | RonWDomingoINQ /PDI
Overall or headline inflation has receded for four months in a row to 6.1 percent in May from 8.7 percent in January. This brought the five-month average to 7.7 percent.
For full-year 2024 and 2025, the BSP expects inflation to average at 2.9 percent and 3.2 percent, respectively.
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