BusinessWorld E-paper
March 24, 2022
THE Philippine central bank may have to reassess its loose monetary policy earlier than planned as the surge in commodity prices raised inflation concerns, the International
Monetary Fund (IMF) said.
“While there is still some policy space to absorb the price increases, as the latest numbers
show that inflation is in the middle of the BSP’s (Bangko Sentral ng Pilipinas) target range, greater vigilance from the monetary authorities will be required, and the accommodative
monetary policy may need to adjust earlier than expected,” IMF Representative to the Philippines Ragnar Gudmundsson said in an e-mail.
