DOF sees full-year inflation at 3.2%, sees sharp rate cut

Quick Summary:

THE Department of Finance (DOF) expects the full-year inflation rate to settle at around 3.2 percent in 2024, allowing the Bangko Sentral ng Pilipinas (BSP) to cut key policy rates aggressively.

This gives the BSP more room to be aggressive in its monetary policy easing to help the economy grow at a faster rate and support the government in increasing its revenue collections,” Recto said.

It is also lower than the 3.3 percent recorded in August 2024 and 6.1 percent in September 2023.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesIndiaJapan

Topics: Monetary Board Full-year Rates Percent Rice September 2024 Recto Inflation Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 16:04:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 22883932

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