Price stability for a stronger Philippine Economy

by The Manila Times

Jul 03, 2022 12:12 am

BASED on its charter, the main responsibility of the Bangko Sentral ng Pilipinas (BSP) is to formulate and implement policies in the areas of money, banking, and credit, with the primary objective of preserving price stability.

'Price stability' refers to a condition of low and stable inflation. By keeping prices stable, the BSP helps ensure strong and sustainable economic growth and better living standards.

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