MONETARY authorities are considering a shift to a point inflation target instead of a range, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said, with a decision likely to be announced next year.
MONETARY authorities are considering a shift to a point inflation target instead of a range, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said, with a decision likely to be announced next year. 'We're seriously thinking of just having a point, a level, a target level,' the central bank chief told reporters on Friday, adding that a band 'kind of says... if we're at 3.9 percent, that's just as good as 3.0 percent. And I don't feel that way. 3.
The BSP is conducting an internal analysis and has also asked the International Monetary Fund to do its own evaluation. 'We're crunching the numbers. We're doing our own homework. The IMF is doing its own thing,' he said. A final decision could coincide with or follow the next round of consultations with the Washington-based multilateral organization. 'Maybe the latest is one year from now,' Remolona said.
Eyeing Inflation Targeting Change New Reserve Ratio Cuts
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bangko Sentral to temporarily suspend coin deposit machine operationsThe Bangko Sentral ng Pilipinas will suspend operations of its coin deposit machines in the Greater Manila Area starting June 17
Read more »
Veteran economist Zeno Abenoja sworn in as Bangko Sentral deputy governorZeno Abenoja will replace the recently retired Francisco Dakila Jr. in leading the Bangko Sentral ng Pilipinas' monetary policy, economic research, and statistical operations
Read more »
Ex-Bangko Sentral official: 2025 poll results reflect discontent with PH economy'The use of public money to buy votes was a big, big turn off, especially for young voters,' says former Bangko Sentral ng Pilipinas governor Diwa Guinigundo
Read more »
BSP to sustain monetary easing with policy rate, RRR reductionsThe Bangko Sentral ng Pilipinas (BSP) expects to further reduce the reserve requirement ratios (RRRs) next year, according to Governor Eli Remolona Jr.
Read more »
Remolona: Two more rate cuts likely this yearTWO more rate cuts will likely be delivered this year with monetary authorities remaining cautious due to prevailing uncertainties, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Friday.
Read more »
Foreign borrowing approvals rise to P6.29B in Jan-MarchTHE Monetary Board approved $6.29 billion in public sector borrowings in the first three months of the year, the Bangko Sentral ng Pilipinas (BSP) reported late Friday.
Read more »