BusinessWorld E-paper
March 02, 2022
THE SUSTAINED INCREASE in oil prices is likely to drive inflation beyond the Philippine central bank’s target in the second quarter, Bangko Sentral ng Pilipinas (BSP) Governor
Benjamin E. Diokno said.
Despite the heightened global uncertainty, Mr. Diokno said the BSP has the policy space to support economic output, which is expected to go back to pre-pandemic levels in the second half.
