BSP cuts inflation forecasts for 2012 through 2014

Posted at 10/25/2012 7:29 PM

MANILA - The Philippine central bank said on Thursday it has cut its forecast for average inflation this year to 3.3 percent from a previous estimate of 3.4 percent.

It also lowered its forecasts for average inflation in 2013 to 3.9 percent from 4.1 percent, and for 2014 to 3.1 percent from 3.3 percent. (Reporting by Karen Lema and Erik dela Cruz)