By Katherine K. Chan, Reporter
WASHINGTON, D.C. — The Bangko Sentral ng Pilipinas (BSP) said it has room to raise policy rates as the National Government’s planned catch-up spending is expected to cushion the economy from a sharper slowdown amid the energy crisis.
In an exclusive interview with BusinessWorld, BSP Governor Eli M. Remolona, Jr. said the country will see a wider negative output gap as inflation and economic growth face mounting pressures from the Middle East conflict and the lingering effects of last year’s flood control corruption scandal.
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