Press Release
July 5, 2019

Statement of Senator Win Gatchalian on June 2019 Inflation Rate

The country's headline inflation rate has eased to 2.7% after seeing a slight uptick in May. The inflation rate for June is actually lower than the average 2.9% forecast of different economic analysts and our own internal estimates.

The better-than-expected June inflation result will provide the Bangko Sentral ng Pilipinas with more flexibility to implement policy adjustments, such as cutting key policy interest rates and the reserve ratio requirement for banks, which will help spur the economy and lift the country's gross domestic product back to 6%, after dropping to a 4-year low of 5.6% in the first quarter of 2019.

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