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BusinessWorld May 27, 2021 | 8:52 pm PIXABAY THE Bangko Sentral ng Pilipinas (BSP) said it is monitoring the markets for any possible second-round effects resulting from rising oil prices, particularly their impact on inflation, though it called such an eventuality unlikely in the near term. The Monetary Board of the central bank has taken into account the effect of higher oil prices in its latest inflation forecast for the year but will remain vigilant should any monetary response be needed, BSP Governor Benjamin E. Diokno said in a briefing Thursday. “Rising oil prices as global demand recovers will require more vigilance from monetary authorities. In the Philippines, underlying price pressures remain subdued given the prevailing slack in the domestic economy. However, the BSP remains on the lookout for possible second-round effects,” he said.

United arab emiratesThe philippinesBeatricem laforgaBangko sentralBenjamine dioknoDennisd lapidMonetary boardGovernor benjaminPolicy sub sector officer in charge dennisஒன்றுபட்டது அரபு அமீரகங்கள்தி பிலிப்பைன்ஸ்பண பலகைகவர்னர் பெஞ்சமின்பாலிஸீ துணை துறை அதிகாரி இல் கட்டணம் டென்னிஸ்