Managing inflationary pressures and global economic headwinds was the focus for Felipe Medalla, Governor of Bangko Sentral ng Pilipinas, at a digital briefing for Asia House Corporate Members on 1 March.
The briefing officially launched the Asia House Central Bank Governor Series – a collection of private briefings convening central bankers from key global markets with Asia House’s Corporate Members. The Series will see Central Bank Governors speak off-the-record with senior representatives from Asia House’s corporate network, sharing insights on the various challenges faced by central banks and providing updates on their policy responses.
Having raised interest rates by 50 basis points to 6 per cent on 6 February, Governor Medalla was asked to share his thinking behind this, and how Bangko Sentral ng Pilipinas is supporting the Philippines’ ambitious growth agenda.
With Asia House’s recent flagship research identifying the Philippines as an economic bright spot within the region, Governor Medalla was also asked how the central bank is leveraging strong domestic demand to boost growth, and the significance of the Philippines’ Sustainable Central Banking Framework to achieving net zero.
Chaired by Asia House Chief Executive Michael Lawrence OBE, and hosted digitally, the briefing gave Asia House Corporate Members a unique insight into the factors affecting the Philipines’ economic outlook.
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