BusinessWorld E-paper
March 28, 2022
SURGING OIL and commodity prices caused by Russia’s invasion of Ukraine are supply problems that are better managed by policies from the National Government, according to the Philippine central bank governor.
“Since inflation pressures are coming from supply side factors, a monetary response in terms of policy rate adjustment is neither appropriate nor responsive,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told reporters in a Viber message on Saturday evening.
