BSP seeks review of GDP, inflation targets for '03.

(From Philippine Daily Inquirer)

Byline: Clarissa S. Batino

THE BANGKO Sentral ng Pilipinas said it would ask the government economic team to revisit by the end of the year its inflation target of 4-5 percent and the 4.5-5 percent gross domestic product growth forecast for 2003.

"We will push for a review of the 2003 inflation and GDP growth targets. There are so many factors that need to be taken into consideration now," BSP Governor Rafael Buenaventura told reporters last week.

Buenaventura explained that a weak global outlook could adversely affect domestic growth. He added that factors such as the rising oil prices, a possible wage …