Several participants favored maintaining the same
target range at this meeting, judging that the real economy continued to be in a good place, bolstered by confident consumers, a strong job market, and a low rate of unemployment.
The decrease followed the 25-basis point downward shift in the
target range for the US federal funds rate on July 31.
"Analysts expect inflation in 2019 and 2020 to settle within the
target range, with downward pressures seen to dominate the risks to the inflation outlook," Diokno said.
The latest print shows inflation taming back to the BSP's 2- to 4-percent
target range to hit 3.8 percent in February, with March expected to settle within the 3.1 to 3.9 percent range according to the most recent forecast from the BSP Department of Economic Research.
Currently, the trend is developing within a falling channel, which suggests the
target range as well.
Capital Economics noted that inflation already returned within the government's 2 to 4 percent
target range in February, as the rate of increase in prices of basic commodities slowed to a one-year low of 3.8 percent.
After nine rate hikes since the start of the tightening cycle in December 2015, the Fed has decided to maintain the
target range for the federal fund rate at 2.25 percent to 2.5 percent for the time being.
Based on uncertainty over when the contract will attain break-even, management's decision to walk back earlier calls to raise the
target range by a point, and comments by the Nike COO at the 2018 investor day, Fitch does not expect the CTG segment to achieve the lower end of Flex's
target range over the ratings horizon.
"The Committee noted that inflation expectations remained well anchored within the
target range, but concluded that there was need to monitor the second-round inflationary effects arising from the VAT on petroleum products, and any perverse response to its previous decisions," CBK Governor Patrick Njoroge said yesterday.
Many years ago I was at my local
target range when two shooters told me a story they heard about some poor guy who had a holster "malfunction" while attending a recent training class.
The researchers found that the excess risk of outcomes decreased stepwise for each risk-factor variable within the
target range among patients with type 2 diabetes.
target range - a practice range for target practice