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An assessment of the Philippine inflation picture

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiAn assessment of the Philippine inflation picture

ContextSpeech at a meeting of the government's Development Budget Coordination Committee; Bangko Sentral ng Pilipinas keeps prices stable and assesses high inflation.

Why it mattersMedalla explains rising inflation to government planners.

Problems raised
  1. Inflation is rising in the Philippines.
  2. Rising prices affect government programs.
  3. Risks of further forecast upgrades are high.
Solutions proposed
  1. Coordinate with Congress and the executive.
  2. Keep monetary policy responsive.
  3. Address supply-side food issues.
Read full speech on bis.org ↗

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