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Most economists expect inflation to ease for the second consecutive month in March, but are convinced it remained above eight percent or double the higher end of the two to four percent target range of the Bangko Sentral ng Pilipinas.
Economists believe the Bangko Sentral ng Pilipinas is not yet done with its tightening cycle despite a downshift to a smaller 25-basis-point hike last Thursday.
As expected, the Bangko Sentral ng Pilipinas dialed down its tightening cycle as it delivered a smaller 25-basis-point increase amid easing, but persistent price pressures.
Economists are expecting a smaller rate hike by the Bangko Sentral ng Pilipinas this month as inflation stayed below nine percent after easing to 8.6 percent in February from 8.7 percent in January.
Most economists believe inflation remained elevated, but stayed below nine percent in February after accelerating to a fresh 14-year high of 8.7 percent in January.