News Formal

[In This Economy] The tricky business of taming inflation

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Taming inflation is far from straightforward, and there are too many variables and complex interactions at play. On top of everything, nobody is perfect, and some trial-and-error is bound to happen.

This is AI generated summarization, which may have errors. For context, always refer to the full article.

At any rate, what you should also know is that Philippine inflation is still the highest among the biggest ASEAN countries .Obviously, taming inflation in the Philippines has been quite the challenge. Policymakers themselves are not of one mind as to the best policy to pursue. Essentially, Secretary Balisacan is wary that further interest rate hikes might hurt the economy at large, if it makes borrowing too costly, and therefore discourages too much investments.

Sure, food is a huge part of inflation, and the BSP has nothing to do with food prices. But persistently high inflation plants in the minds of people that maybe inflation will continue to be high in the next months of the year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

P650-M investment leads in Davao de Oro investment gabThe Davao de Oro Investment Conference, held in Mabini, Davao de Oro, concluded successfully with a significant impact on the province's economy.
Source: sunstaronline - 🏆 18. / 59 Read more »