Philippine central bank sees August inflation at 5.5% to 6.5%

Business Recorder reported that the Philippine central bank expects annual inflation for August to land between 5.5% and 6.5%. The forecast was announced on Friday, and the bank said it would keep monitoring incoming economic data closely. Its statement highlighted the areas it is watching most closely, namely incoming data on prices and growth. The bank gave a range rather than a single figure, so the outcome is described as a band rather than a fixed number.

The bank said it would stay watchful and let upcoming figures guide its stance, with special focus on inflation and the growth outlook. August inflation figures from the statistics agency are scheduled for release on Friday, September 4. That release will offer a clearer picture to compare with the bank's projected range.