By Katherine K. Chan, Reporter
EARLY MEASURES to protect agricultural production from what could be the worst El Niño on record could help prevent supply disruptions from fueling inflation, a Bangko Sentral ng Pilipinas (BSP) official said on Monday.
BSP Deputy Governor Zeno Ronald R. Abenoja said supply-side interventions, especially those from the government, should safeguard agricultural production and help cushion the country’s food supply from the looming “Godzilla El Niño.”
“And not only in terms of supply, but this upcoming risk factor to agriculture, the so-called ‘Godzilla El Niño,’” Mr. Abenoja said during the Philippine Economic Briefing in Davao City on Monday.
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