Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer) The central bank will closely monitor the local labor market to ensure that wage levels attain an equilibrium of promoting productivity while helping maintain the inflation rate in check.
Thus said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno at the weekend as he stressed the agency’s mandate of promoting price stability amid “evolving wage dynamics” and its ability to influence the rise in prices. “The country’s low and stable inflation and calibrated wage adjustments over the past few years are a testament to the careful and steady collaboration between […]
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