Vivant Boosts Governance, Welcomes Panlilio And Layug To Help Guide Strategic Priorities

The appointment of Alfredo S. Panlilio marks a significant moment for Vivant Corporation. His proven track record in various leadership roles promises to bring fresh insights into the organization's direction.

PBBM: Government Committed To Giving OFWs Safe, Humane Workplace

Ayon sa Pangulo, ang mga OFW ay dapat magkaroon ng proteksyon sa kanilang mga karapatan habang nagtatrabaho sa ibang bansa.

Department Of Agriculture: PCA To Plant 50M Coconut Trees In 2026

Magkakaroon ng malaking pagtatanim ng 50 milyong puno ng niyog sa 2026, ayon sa PCA. Isang hakbang para mapanatili ang posisyon ng Pilipinas sa industriya.

DENR Embarks On Seagrass Conservation In Capiz

DENR naglunsad ng inisyatiba para sa konserbasyon ng seagrass sa Pilar, Capiz, nakatuon sa pamamahala ng mga likas na yaman.

BSP To Keep Policy Settings ‘Sufficiently Tight’ For Now

The Bangko Sentral ng Pilipinas maintains policy tightness as November inflation eases to 4.1%, citing persisting risks while focusing on a sustained downtrend for stability.


BSP To Keep Policy Settings ‘Sufficiently Tight’ For Now

6
6

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Bangko Sentral ng Pilipinas (BSP) on Tuesday vowed to keep policy settings “sufficiently tight” despite another deceleration of inflation rate last month, noting that risks continue to lean on the upside.

The rate of price increases slowed for the second consecutive month in November to 4.1 percent from month-ago’s 4.9 percent, which the Philippine Statistics Authority (PSA) traced to slower annual upticks in the prices of the heavily-weighted food index.

In a statement, the BSP said the November inflation rate is within the central bank’s 4 percent to 4.8 percent forecast for the month.

“The latest inflation outturn is consistent with the BSP’s projections that inflation will likely moderate over the near term due to easing supply-side price pressures and negative base effects,” it said.

Last month’s inflation rate is lower than year-ago’s 8 percent and brought the 11-month average to 6.3 percent.

Monetary authorities remain confident that inflation will return to within the government’s 2 percent to 4 percent target range next year.

The BSP said “risks to the inflation outlook still leans significantly towards the upside” due to possible effects of higher transport fares and power rates, as well as the upticks in oil prices in the international market and higher-than-expected hike in minimum wage in areas outside the National Capital Region.

However, it said these factors are expected to be countered by the effects of the weaker-than-expected recovery of the global economy and the government measures to cushion the impact of the El Niño phenomenon on the agriculture sector, among others.

“Looking ahead, the Monetary Board deems it necessary to keep monetary policy settings sufficiently tight until a sustained downtrend in inflation becomes evident. The BSP will continue to monitor inflation expectations and second-round effects and take appropriate action as needed to bring inflation back to the target, in keeping with the BSP’s price stability mandate,” it added. (PNA)