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PHILIPPINES CENTRAL BANK SEES APRIL INFLATION AT 6.4% - 7%.
MANILA, May 1 Asia Pulse - The Bangko Sentral ng Pilipinas (BSP) on Wednesday said continued increases of oil and non-oil commodity prices may result in 6.4 per cent to seven per cent average inflation in April.
This, as March inflation zoomed to 6.4 per cent also because of higher prices of oil and other commodities.
BSP Governor Amando Tetangco Jr. said the power rate adjustment in April is also expected to push inflation higher.
Monetary policy will remain vigilant for any early sign of second round effects and possible disanchoring of inflation expectation, he said.
The government targets inflation between a range of three to five per cent ...
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