MANILA (Philippine Daily Inquirer/Asia News Network): The continually accommodative policy stance of the Bangko Sentral ng Pilipinas (BSP), amid hints that influential central banks including those in the United Kingdom and the United States will go for tightening soon, is fuelling the depreciation of the peso, a scenario that shows similarities with 2018, according to ING Bank.
The bank’s senior economist in the Philippines, Nicholas Mapa, said in commentary that in 2018, inflation quickly heated up due to supply issues related to rice.
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