Manila c.bank sees Sept inflation at 0-0.9 pct y/y

Published: 27 Sep 2009 23:29:41 PST

MANILA, Sept 28 - Philippine annual inflation will ikely come in at 0-0.9 percent in September, from a 22-year low of 0.1 percent in the previous month, the central bank said on Monday.

"The forecast range for September and trends seen in oil and non-oil commodity prices indicate that 2009 inflation would be well within the target range for the year of 2.5-4.5 percent," central bank governor Amando Tetangco said in a text message to reporters.

With a benign inflation outlook, the central bank is expected to keep interest rates unchanged at a record low for the second meeting in a row on Thursday. [ID:nMAN435331]