OECD tells Philippine central bank to improve monitoring, management of inflation expectations - BusinessWorld Online

OECD tells Philippine central bank to improve monitoring, management of inflation expectations - BusinessWorld Online

THE BANGKO Sentral ng Pilipinas (BSP) should improve its monitoring and management of inflation expectations and enhance its monetary policy framework to effectively deal with the impact of supply shocks on prices and the broader economy, the Organisation for Economic Co‑operation and Development (OECD) said. In its Economic Survey of the Philippines released last week, the OECD said the BSP could allow inflation to exceed its target temporarily…