The likelihood of such an undesirable scenario should be avoided. For if it materialises, it will adversely and perversely affect growth and the purchasing power of households. Moreover, it will require a stronger degree of monetary tightening in order to achieve price stability in a sustained manner. This concern is further heightened by other upside risks to price stability.
BIS central bankers’ speeches  1  Moving forward, therefore, the Bangko Sentral will continue to focus on fighting inflation and safeguarding price stability to achieve sustained and inclusive growth. The Bangko Sentral also needs your support for other surveys including Cross Border Transactions, Coordinated Portfolio Investment, Information Technology-BPO Outsourcing Services, and Foreign Direct Investment.