Philippines Inflation Target at 3.0% for 2018-2020

Manila | 28th December 2017

In line with the inflation targeting approach to the conduct of monetary policy, the Development Budget Coordination Committee (DBCC), during its meeting on 22 December 2017, decided to keep the current inflation target at 3.0 percent ± 1.0 percentage point for 2018 – 2020.

” INFLATION AT to be kept at 3% +/- for 2018-2020 “

The medium-term inflation target is set by the DBCC in coordination with the BSP under the inflation targeting framework. The announcement of the target is in line with the BSP’s commitment to greater transparency and accountability in the conduct of monetary policy. The BSP will continue to ensure that the monetary policy stance remains appropriate, consistent with its primary mandate of safeguarding price stability conducive to a balanced and sustainable economic growth.

Source: Bangko Sentral ng Pilipinas

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