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The Philippine economy post-COVID-19 - moving steadily towards recovery

30 January 2022 · Benjamin E Diokno, Governor of the Bangko Sentral ng Pilipinas (Philippines)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity

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30 Jan 2022 · Benjamin E Diokno Wiki · Bangko Sentral ng Pilipinas WikiThe Philippine economy post-COVID-19 - moving steadily towards recovery

ContextSpeech at a Philippine economic briefing; Bangko Sentral ng Pilipinas keeps prices stable and supports recovery after Covid.

Why it mattersDiokno defends a market-determined exchange rate.

Problems raised

Recovery is post-COVID.
Exchange rate volatility affects inflation.
Growth momentum must be maintained.

Solutions proposed

Keep exchange rate market-determined.
Reduce excessive volatility.
Maintain strong growth.

Read full speech on bis.org ↗

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