Nomura cuts Phl inflation forecasts

Nomura Global Markets Research slashed its inflation forecasts for the Philippines in the next two years due to the reduction of import tariffs on rice to 15 percent from 35 percent.

- KEISHA TA-ASAN

Research analysts Euben Paracuelles and Nabila Amani said Nomura has lowered its full-year inflation forecasts to 2.8 percent from 3.7 percent for 2024 and to 2.3 percent from 3.3 percent for 2025.

The projections are also significantly lower than the risk-adjusted 3.8 percent full-year forecast of the Bangko Sentral ng Pilipinas (BSP) for this year and the 3.7 percent estimate for next year.