Inflation may ease in 2025, 2026 - economists

Private sector economists and external analysts cut their inflation forecasts for 2025 and 2026, with the rate expected to stay within the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) in the next three years amid easing price pressures.

- KEISHA TA-ASAN

In the highlights of the Monetary Board’s meeting held on June 27, the BSP said inflation expectations for 2025 to 2026 have eased further toward the midpoint of the target range.

This developed as the results of the central bank’s survey of external forecasters for June showed a lower inflation forecast for 2025 at 3.4 percent from 3.5 percent in the May survey.

Inflation expectations also went down to 3.3 percent for 2026 from 3.4 percent previously.

Meanwhile, the mean inflation forecast for 2024 was maintained at 3.7 percent this year, staying near the upper end of the two to four percent target range.