The Central Bank of the Philippines is implementing monetary policy targets aimed at controlling inflation, driven by global commodity price volatility caused by the Middle East crisis.
4 reports, 3 independent
Updated Sep 24
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What happened
The Central Bank of the Philippines is implementing monetary policy targets aimed at controlling inflation, driven by global commodity price volatility caused by the Middle East crisis.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Gulf conflict is impacting oil prices, which affects the Bangko Sentral ng Pilipinas's monetary policy decisions.Sub-event
BSP targets inflation control amid global commodity price volatility from Middle East crisis.1 source
Keep exploring
Part of
Geopolitical instability in the Middle East is causing concerns over oil and gas prices, negatively impacting global economies and consumer sentiment.Also in this story
- US policy suggests financial reimbursement for services rendered in the Middle East.
- Consumer spending in the US is being pressured due to the ongoing conflict in the Middle East, as reported by the US Census Bureau.
- US-Iran peace talks are underway, and the resulting developments are causing ripples through global economies.
The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Philippines
archipelagic country in Southeast Asia
- The US imposes new tariffs on imports originating from the Philippines.
- The Department of Health and Social Care is implementing the Universal Health Care program in the Philippines. Edwin Mercado was appointed Health Secretary of DOH, while Beverly Lorraine Ho holds leadership roles at PhilHealth and Ayala Healthcare.
Related events
- Bangko Sentral ng Pilipinas monitors Middle East developments for inflation implications, with UnionBank economists analyzing the impact on policy targets.
- BSP manages monetary policy amidst Middle East supply shocks, while Arsenio Balisacan advises on Philippine long-term growth strategy.
- Inflation and rising essential costs are impacting the general economic situation in the Philippines.
- Higher US interest rates are strengthening the dollar, prompting consideration of intervention by the Bangko Sentral ng Pilipinas.
- The Bangko Sentral ng Pilipinas is facing weak growth and accelerating inflation pressures due to oil price shocks.