Read this in The Manila Times digital edition.
THE Bangko Sentral ng Pilipinas (BSP) has hinted at abandoning its accommodative monetary policy stance, admitting that rising inflation rates are now having second-round effects on consumers.
"Given how the April 2022 inflation of 4.9 percent settled near the higher end of the BSP's forecast range of 4.2 to 5 percent, the space for maintaining an accommodative policy stance has considerably narrowed," BSP Governor Benjamin Diokno said in a virtual briefing on Wednesday.
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