Analysts trim down inflation expectations

Private sector economists further trimmed down their inflation expectations this year, with the rate expected to stay within the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) until 2026.

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Based on the central bank's Monetary Policy Report from its May meeting, analysts cut their inflation forecast to 3.7 percent this year from 3.8 percent in the April survey.

The projection for 2025 remained unchanged at 3.5 percent, while analysts raised their estimate to 3.5 percent in 2026 from 3.4 percent a month ago.

"Analysts expect within-target inflation over the policy horizon, although settling at the upper end of the target range as uncertainty lingers. Upside risks continue to dominate due mainly to supply chain disruptions," the BSP said.