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The Philippine thrift banking industry - a picture of resilience

· 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, financial stability

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· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiThe Philippine thrift banking industry - a picture of resilience

ContextSpeech at the Chamber of Thrift Banks; Bangko Sentral ng Pilipinas keeps the banking system sound and supervises smaller thrift banks.

Why it mattersMedalla warns that inflation expectations remain high.

Problems raised
  1. Inflation expectations remain high.
  2. Thrift banks must stay resilient.
  3. Inflation is near the target's upper end.
Solutions proposed
  1. Monitor inflation expectations.
  2. Support thrift bank resilience.
  3. Keep monetary policy tight.
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