4 days Diokno: Inflation targeting cruicial amid pandemic Manilatimes |Biz
The Bangko Sentral ng Pilipinas (BSP) on Friday emphasized the importance of a inflation-targeting framework during the coronavirus disease 2019 (Covid-19) pandemic. In a virtual briefing, BSP Governor Benjamin Diokno said the health crisis had required central banks to be nimble as the pandemic differed from other crises because it had a solid and fast influence on domestic and global demand. “The inflation decline in other countries led to increased pressure for central banks to adopt further measures, including unconventional ones, to stimulate their respective economies,” he explained. Diokno also said the global health crisis also taught central banks ... more