BSP weighing stronger response versus inflation

THE Philippine central bank said on Monday it could consider a stronger policy response if elevated inflation expectations become entrenched, vowing it “will take all necessary action” to ensure that inflation returns to target. “If the data and our assessment of evolving risks point to higher inflation expectations becoming entrenched, then we may consider a stronger response,” the Bangko Sentral ng Pilipinas said in an emailed response to a Reuters query. The BSP raised