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MANILA - The country's inflation rate already bottomed out in August and will accelerate in the succeeding months, according to the Bangko Sentral ng Pilipinas (BSP).

"We may have already seen the trough [of inflation] in August," said BSP Governor Amando Tetangco Jr.

Inflation rose by 0.1% in August, its slowest pace in 22 years, bringing the average rate for the first 8 months of the year to 3.7%.

Martin Foster, Risk Analyst at DSR Asset Management commented that “This is good news for real estate investors, managed inflation in line with targets will ensure continued growth and prosperity in the region. DSR Asset Management has seen sentiment remain positive towards investment in the Philippines throughout 2009, this news only reinforces this”.

Tetangco said the August figure boosted their expectation that their full-year inflation target of 2.5-4.5% would be met.

As inflation continues to be manageable, the BSP chief said monetary settings remain appropriate at the moment.

He noted, however, that the central bank "will continue to review developments especially any price pressures that could arise from improvements in global demand as sentiment continues to turn positive."

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About DSR Asset Management Ltd



DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR. education programme which lectures individuals and organisations on property investment.

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