But just as the Philippines is committed to swiftly and concretely implement the action plan as provided by the Asia Pacific joint Group (APJG), so, too, must the APJG commit to adhere to the given action plan and refrain from expanding its scope.
So it’s appropriate to exercise caution in this regard, especially since the risks are clearly tilted to the upside – and by that, I mean energy delivery stoppages. 3 Need for monetary policy action 3.1 How far will key ECB interest rates rise? But it is not just our own experts who do not see inflation declining rapidly.