Inflation risks 'tilted to downside' ahead of next BSP rate decision

THE Bangko Sentral ng Pilipinas (BSP) views the risks to inflation to be weighted towards the downside ahead of its next decision on interest rates, a central bank official said.

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"To answer the question on under what conditions we might consider easing further... We need to make sure that inflation stays within target. The risk will be clearly tilted to the downside," Lara Romina E. Ganapin, director of the BSP's Monetary Policy Research Group, said during the Philippine Economic Briefing in Mabalacat, Pampanga on Monday.

"Expectations, which are a very important channel, should remain well-contained and well-anchored, (showing) no signs of second-round effects. And of course, we also need to look at growth risk," she added.