ROBUST ENOUGH. Finance Secretary Benjamin Diokno said Thursday (July 14, 2022) the domestic economy is robust enough to absorb the impact of key rate decisions by the Bangko Sentral ng Pilipinas. He said the government would continue to adopt gradual and calibrated fiscal consolidation measures to support the economy's strong growth momentum. (Photo from DOF) MANILA - The continued recovery of the Philippine economy provides it the resiliency to absorb further increases in the Bangko Sentral ng Pilipinas' (BSP) key rates, Finance Secretary Benjamin Diokno said Thursday. Diokno told journalists that the BSP's monetary policy normalization is among the factors in setting the 6.5 percent to 7.5 percent growth target for this year. "The growth outlook is seen to be supported by the maintenance of loosened quarantine restrictions, as well as the positive impact of structural reforms, including CREATE (Corporate Recover and Tax Incentives for Enterprises Law), FIST (Financia