And of late in some parts of the world inflation concerns are coming to the fore again, requiring delicate balancing acts on the part of policy makers to ensure that inflation expectations remain anchored while avoiding any undue damage to recovery prospects.
The Bangko Sentral ng Pilipinas (BSP) has always supported programs that will steer the country’s economy towards a strong and sustainable path to recovery. As more vaccines arrive, and as a greater share of the population gets vaccinated, we move closer towards a new economy that is ‘better, safer, and more technologically ready'.