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Published December 21, 2020, 6:30 AM The Bangko Sentral ng Pilipinas (BSP) has set the two-four percent inflation rate target for 2023 until 2024, the same goal range for 2021 and 2022, indicating stable consumer goods prices, as the economy, currently in recession, recovers from COVID-19 pandemic. “For 2023 to 2024, inflation would largely be influenced by the pace of economic recovery in the post-pandemic period,” the BSP said in a statement, adding that the economy is expected to regain momentum as the health crisis is sufficiently addressed, while macroeconomic policies gain full traction in reviving the economy. (MANILA BULLETIN FILE PHOTO) “Nonetheless, the COVID-19 pandemic could lead to structural changes in supply and demand factors that determine the level of inflation as well as affect the country’s future productive capacity. This reinforces the important role of the inflation target as an important guidepost for the BSP in ensuring inflation remains low and s

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