The adoption of inflation-targeting regimes and currency depreciation, the study noted, could significantly boost the export of goods and services exports among member nations of the Regional Comprehensive Economic Partnership (RCEP).
MAINTAINING low inflation and a floating exchange rate is beneficial to exports, according to a study by the Bangko Sentral ng Pilipinas .The adoption of inflation-targeting regimes and currency depreciation, the study noted, could significantly boost the export of goods and services exports among member nations of the Regional Comprehensive Economic Partnership .
Even if exchange rates are used as a policy tool to boost trade, addressing supply side factors that limit domestic firms' ability to produce competitively is crucial for long-term success, the BSP said.Stable inflationThe study likewise pointed out that inflation-targeting regimes can boost trade: 'Low and stable inflation can improve a country's export performance.'Stable inflation fosters a predictable business environment, which is beneficial for trade.
Inflation Floating Exchange Rates Good For Exports
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