President Ferdinand R. Marcos’ tweet regarding the further increase in interest rate to help address the elevated domestic inflation reiterates earlier statements of monetary authorities, an econom…
President Ferdinand R. Marcos’ tweet regarding the further increase in interest rate to help address the elevated domestic inflation reiterates earlier statements of monetary authorities, an economist said.
“The BSP has always been independent in terms of policy-making and in fulfilling its mandate of price stability, sustainable economic growth, and financial stability,” he added. In the first nine months this year, inflation averaged at 5.1 percent and monetary authorities forecast this to return to within-target levels by the second half of 2023.
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