THE Bangko Sentral ng Pilipinas (BSP) risks losing control of inflation if it continues to delay the tightening of its monetary policy, an analyst warned.
THE Bangko Sentral ng Pilipinas risks losing control of inflation if it continues to delay the tightening of its monetary policy, an analyst warned.
'On top of substantial supply side pressure, we may also see price pressure fanned from the demand side as the BSP's own forecast expects the output gap to close as early as 3Q .'Overall, Mapa added, data indicate that inflation will exceed the target this year and possibly next, despite the fact that growth prospects remain favorable.
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