BSP governor sides with ‘team transitory’ as inflation stays high

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.

Globa

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