Finance › Speeches › Felipe M Medalla

Preserving price and financial stability in the Philippines

· 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 WikiPreserving price and financial stability in the Philippines

ContextSpeech at a meeting with Fitch Ratings; Bangko Sentral ng Pilipinas keeps prices and finance stable and explains its policy to credit rating agencies.

Why it mattersMedalla explains to a rating agency how the bank preserves stability.

Problems raised
  1. Headline and core inflation are high.
  2. Base effects affect inflation numbers.
  3. Financial stability must be preserved.
Solutions proposed
  1. Keep monetary policy tight.
  2. Explain inflation dynamics.
  3. Preserve price and financial stability.
Read full speech on bis.org ↗

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