BSP keeps close eye on prices

By Mayvelin U. Caraballo

Aug 15, 2021 12:30 am

The Bangko Sentral ng Pilipinas (BSP) said it is keeping a close eye on global and domestic pricing developments and is prepared to use whatever monetary policy tools are needed to achieve its price and financial stability goals.

The central bank added that it favors direct supply-side steps to address the primary source of supply limitations and bottlenecks.

OVERSUBSCRIPTION The Bangko Sentral ng Pilipinas (BSP) headquarters in Manila. The BSP announced it has earned P100 billion from its weekly securities auction. PHOTO BY ENRIQUE AGCAOILI

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