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Safeguarding price stability amid challenging times

· Felipe M Medalla, Governor of the Bangko Sentral ng Pilipinas (Philippines)

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

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiSafeguarding price stability amid challenging times

ContextSpeech at the Philippine Economic Briefing; Bangko Sentral ng Pilipinas keeps prices stable in a difficult inflation environment.

Why it mattersMedalla explains rate hikes to stop supply shocks spreading.

Problems raised
  1. Supply shocks could generate more inflation.
  2. The peso depreciation fuelled inflation.
  3. Expectations risked de-anchoring.
Solutions proposed
  1. Prevent supply shocks from spreading.
  2. Raise rates to anchor expectations.
  3. Safeguard price stability.
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