Keeping prices steady: a key pillar of central banking

by The Manila Times

Jul 03, 2023 12:02 am

THE New Central Bank Act of 1993 created the Bangko Sentral ng Pilipinas (BSP) and entrusted it with a pivotal task: maintaining price stability in the country.

Price stability refers to managing and controlling inflation within an acceptable range to avoid drastic fluctuations in the price levels of goods and services in the economy.

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