Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the central bank safeguards price and financial stability amid challenges in the global economy during meetings with more than 200 investors in Washington, D.C. on April 12 and 13.
An economic briefing organized by a joint Philippine economic and diplomatic team with partner banks as well as smaller investor meetings hosted by Bank of America (BoFA) Securities, Barclays, and J.P. Morgan were held on the sidelines of the International Monetary Fund (IMF) – World Bank (WB) Group 2023 Spring Meetings.
“We remain confident that despite inflation being higher than it used to be, the central bank and the national government have taken sufficient monetary and fiscal actions to reduce the impact of high prices to the economy,” said the Governor.
He also assured investors that the regulatory environment in the Philippines "remains sound, stable, and supportive of economic growth.”