pressures are coming from supply shortages, especially from the pork industry which has been affected by the African swine fever (ASF) virus.
This was according to the central bank’s head who, on Thursday, said the regulator was ready to tighten monetary policy if it would detect so-called second round effects from the ongoing uptrend in the consumer price index.
At an online press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Bejamin Diokno said the agency had so far released “nearly P2 trillion” in liquidity into the local financial system to counter the economic malaise caused by the coronavirus pandemic.
Record amount
This record amount of liquidity has neither caused …
Keep on reading: Supply side inflation calls for supply side solutions, says Diokno