· Felipe M Medalla Wiki · Bangko Sentral ng Pilipinas WikiPreserving price and financial stability in the Philippines
Read full speech on bis.org ↗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
- Headline and core inflation are high.
- Base effects affect inflation numbers.
- Financial stability must be preserved.
Solutions proposed
- Keep monetary policy tight.
- Explain inflation dynamics.
- Preserve price and financial stability.