By Katherine K. Chan, Reporter
THE Bangko Sentral ng Pilipinas (BSP) may resort to “more drastic” action to tame inflation as rising rice prices and transport fares threaten to de-anchor inflation expectations, a senior official said.
“If rice prices (and transport) fares contribute to increases in inflation expectations above the inflation target at some point in the future, it’s going to take more actions, more drastic actions from the central bank to help inflation expectations go back to the target,” BSP Deputy Governor Zeno Ronald R. Abenoja told a webinar on Thursday.
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