Business News and Headlines

BSP Flags Faster Inflation in February

The Bangko Sentral ng Pilipinas (BSP) projects February inflation to rise to between 2.3% and 3.1%, up from January’s 2% rate. Higher rice and fish prices, elevated petroleum costs and increased Meralco electricity charges are the main upward pressures, while cheaper vegetables, fruits, meat and a stronger peso provide partial relief. Analyst Michael Ricafort estimates February inflation near 2.5% year‑on‑year and sees the full‑year 2026 average at about 3.7%. The central bank, having cut its benchmark rate to 4.25% in February, may contemplate another modest easing if conditions stay favorable.