BusinessWorld E-paper
February 09, 2022
THE PHILIPPINE central bank is closely monitoring the impact of the recent rally in global oil prices on domestic inflation, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
“We continue to monitor global crude oil prices to the extent that they affect inflation and growth prospects. Recent surge in oil prices could affect inflation forecasts adversely only if it is persistently high,” Mr. Diokno said in a text message.
