BSP governor sides with ‘team transitory’ as inflation stays high
Philippine inflation averaged 4.5% during the first nine months this year, well above target
As inflationary risks rise worldwide, the Philippines is facing the challenge of taming inflation while boosting growth.
“Is inflation transitory or the beginning of a longer-term problem? Central bankers and policy-makers are divided,” noted Benjamin Diokno, governor of the Central Bank of the Philippines .
“But based on available evidence, I will side with ‘team transitory’,” he wrote in a message to local reporters on October 17, according to a transcript shared with Central Banking.
Globa
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