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1 MIN READ
Philippine c.bank says stagflation not immediate risk to economy
June 16, 2022
By Reuters
By Reuters
MANILA, June 16 (Reuters) – The Philippines’ central bank does not see stagflation as an immediate risk to the local economy and is optimistic recovery will be sustained, its governor said on Thursday.
“The BSP will remain vigilant over emerging price and output conditions and will undertake necessary action to ensure that monetary policy settings remain appropriately calibrated,” Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement, a week before the bank’s next rate setting meeting.
(Reporting by Neil Jerome Morales; Editing by Martin Petty)
((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))
This article originally appeared on reuters.com