Diokno said last Friday that the results of the June survey showed lower inflation expectations for 2019 to 2021 as "analysts expected inflation to remain manageable and within the government's target range (of two-four percent) over the policy horizon."
"Based on the probability distribution of the forecasts provided by 22 out of 27 respondents, there is a 94.6-percent probability that average inflation for 2019 will settle between the two-four percent range," the BSP said.
For 2020, the survey said there is a 90.8-percent probability that inflation will continue to be within the two-four percent target band set by the government.
family townhouse category in this neighborhood increased by 67 percent to an average of $3.7 million.
Inflation rate average is expected to stay within the government's two-four percent target until 2022, the Bangko Sentral ng Pilipinas (BSP) announced.
The inter-agency Development Budget Coordination Committee (DBCC) which the BSP is part of, has approved the setting of the two-four percent inflation target for another three years, in 2020, 2021 and 2022.
And, considering the likely possibility that inflation will stay above the two-four percent target in 2019, key rates could increase further to 5.25 percent next year before returning to 4.75 percent by 2020.
As for inflation, the foreign bank projects CPI to hit above-target average of 5.3 percent this year and 4.4 percent in 2019, before slowing down to within the target of two-four percent target in 2020.