Over time, wages and inflation rise, causing the real exchange rate to appreciate. Non-resource exporters are faced with the same competitiveness challenges as they are today. Moreover, this leads to a sustained period of above-target inflation, which begins to unhinge inflation expectations. Monetary policy eventually has to tighten aggressively to restore price stability.
Kasama rito ang ating mga kababayan na PWD. We laud the National Council on Disability Affairs and other stakeholders for upholding and protecting the rights of the PWD sector. Rest assured that the Bangko Sentral ng Pilipinas is committed to continuously engage the sector so we can better respond to your needs. Naririnig po namin kayo.