The ongoing conflict between Russia and Ukraine is expected to hike global and domestic crude prices even higher, pushing inflation forecasts above the government’s target range of 2% to 4%, the Bangko Sentral ng Pilipinas (BSP) announced Thursday.
The ongoing conflict between Russia and Ukraine is expected to hike global and domestic crude prices even higher, pushing inflation forecasts above the government’s target range of 2% to 4%, the Bangko Sentral ng Pilipinas announced Thursday.
“Inflation expectations have likewise risen but continue to be anchored to the 2% to 4% target band,” he said.
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