BSP could lose control of inflation

BSP could lose control of inflation – analyst

By Mayvelin U. Caraballo

Mar 24, 2022 12:25 am

THE Bangko Sentral ng Pilipinas (BSP) risks losing control of inflation if it continues to delay the tightening of its monetary policy, an analyst warned.

Nicholas Antonio Mapa, ING Bank Manila senior economist, said in a commentary released on Wednesday that despite rate hikes by the world's most important central banks — with promises of more to come — and a potential and likely breach of the country's inflation target in 2022 and 2023, BSP Governor Benjamin Diokno remains dovish on monetary policy.

Bangko Sentral ng Pilipinas

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