BSP to implement measures to ensure price stabilityThe Bangko Sentral ng Pilipinas (BSP) vowed to implement necessary measures to ensure price stability in the country. This, as it noted slight increases in the prices of rice and liquefied petroleum gas (LPG) this September. It fell below target in May 2015 to 1.6 percent from month-ago’s 2.2 percent due to sustained drop of oil prices. “In addition, prices of selected basic commodities are covered by the price freeze implemented by DTI (Department of Trade and Industry),” he said. “The BSP stands ready to implement necessary policy actions to maintain price stability conducive to balanced and sustainable economic growth,” he added.

Source: Manila Bulletin September 27, 2016 02:37 UTC