An important implication is that if the prices of energy and other commodities stabilize in ranges near current levels, as futures markets and many forecasters predict, the upward impetus to overall price inflation will wane and the recent increase in inflation will prove transitory.
* * * Friends from the industry, media, fellow BSPers, subject matter experts, esteemed guests, ladies and gentlemen, good morning. The BSP is pleased to host this conference on “Providing a Safer, More Efficient, and More Inclusive Philippine Payments and Settlements System.” There are three pillars of Central Banking. Every BSPer knows this.