· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiRe-anchoring and securing inflationary expectations in a challenging environment
Read full speech on bis.org ↗ContextSpeech on re-anchoring inflation expectations in the Philippines; Bangko Sentral ng Pilipinas keeps prices stable and faces high inflation.
Why it mattersMedalla explains rate hikes meant to re-anchor inflation expectations.
Problems raised
- Inflation expectations need re-anchoring.
- Environment is challenging.
- Inflation is high.
Solutions proposed
- Take monetary actions to tame inflation.
- Keep the central bank independent.
- Monitor monthly inflation data.