BusinessWorld E-paper
July 29, 2022
THE BANGKO SENTRAL ng Pilipinas (BSP) is ready to use the “full force” of monetary policy measures to curb inflation and support the Philippine peso, after the United States Federal
Reserve delivered another supersized rate hike.
“The action of the US Federal Reserve, along with the tightening of global financial conditions and broadening uncertainty over global growth prospects, could
continue to drive exchange rate movements in emerging market economies, including in the Philippines,” BSP Governor Felipe M. Medalla said in a statement.
