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

Benjamin Diokno
Benjamin Diokno
Photo: Valentina Annese

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.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account