{"id":16000,"date":"2014-06-19T21:59:44","date_gmt":"2014-06-19T13:59:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=16000"},"modified":"2014-06-19T21:59:44","modified_gmt":"2014-06-19T13:59:44","slug":"bsp-meeting-to-tackle-price-pressures-global-devts","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/19\/bsp-meeting-to-tackle-price-pressures-global-devts\/","title":{"rendered":"BSP meeting to tackle price pressures, global dev\u2019ts"},"content":{"rendered":"<figure id=\"attachment_10675\" aria-describedby=\"caption-attachment-10675\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-10675\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas-300x225.jpeg\" alt=\"Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo\" width=\"300\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas-300x225.jpeg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/bangko-sentral-ng-pilipinas.jpeg 468w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-10675\" class=\"wp-caption-text\">Bangko Sentral ng Pilipinas (Central Bank of the Philippines). Wikipedia photo<\/figcaption><\/figure>\n<p>MANILA \u2013 The monetary board will focus on price pressures and global developments that may affect domestic inflation as they revisit the country\u2019s policy setting today.<\/p>\n<p>\u201cWe\u2019d like to see the extent of the brewing pressures that we have seen lately on inflation. Since these are supply-side factors, we\u2019d like to assess the potential second-round effects that can come out from these price pressures,\u201d Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. told reporters.<\/p>\n<p>The country\u2019s rising food prices, the recent transport fare hikes, climbing power rates, and also the possible wage increase are among the price pressures that will be discussed.<\/p>\n<p>He added that the meeting will also focus on several issues that affect inflation and domestic liquidity as well as the economy in general.<\/p>\n<p>\u201cWhat we\u2019re looking at is that the growth of liquidity does not in the future cause pressures that can lead to issues on financial stability as well as potential inflationary pressures coming from the demand side,\u201d Tetangco explained.<\/p>\n<p>The BSP will also be tackling other factors which may affect the country\u2019s economy such as the international economy and events happening outside the country.<\/p>\n<p>Tetangco added that the country\u2019s financial market volatility is susceptible to events happening outside the country.<\/p>\n<p>The US Federal Reserve\u2019s tapering of stimulus, for instance, may greatly affect market volatility.<\/p>\n<p>\u201cWe will consider all these things consistent with the approach under the inflation-targeting framework\u2026 We would try to form a view as to the path of future inflation and how these will likely be affected by all of these things,\u201d Tetangco said.<\/p>\n<p>\u201cGiven the pressures, I would think that there would be an upward adjustment in the inflation forecast \u2026 but the general view is that inflation will still remain within the target range but closer to the upper end of the range,\u201d Tetangco added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The monetary board will focus on price pressures and global developments that may affect domestic inflation as they &hellip;<\/p>\n","protected":false},"author":44,"featured_media":10675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19],"tags":[1215,5651],"class_list":["post-16000","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","tag-bsp","tag-monetary-board-meeting","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=16000"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10675"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=16000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=16000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=16000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}