Diokno: No Need for Drastic Moves From Philippine Central Bank

The video discusses the scope of monetary policy in the Philippines amid renewed lockdowns in Manila, highlighting the measures taken by the BSP, such as cutting policy rates and providing regulatory relief. It covers economic growth projections, the need for fiscal stimulus, and the impact of global recovery on trade. The discussion also addresses inflation expectations and the central bank's credibility.

What was one of the measures taken by the BSP at the start of the crisis?

• Reduced liquidity in the system

• Cut policy rates

• Increased reserve requirements

• Raised interest rates

What is the revised growth projection for the Philippines by the IMF?

• 8.0%

• 6.9%

• 5.5%

• 7.5%

Why is imposing lockdowns challenging in democracies according to the transcript?

• Lack of government authority

• Public resistance

• Economic constraints

• Insufficient healthcare facilities

What is the current interest rate in the Philippines as mentioned in the transcript?

• 3%

• 2%

• 4%

• 1%

How does the Philippines plan to benefit from the recovery of the US and China?

• By increasing imports

• By increasing tariffs

• By reducing exports

• Through improved trade relations

What is the Philippines' approach to inflation targeting?

• It is not a priority

• It lacks credibility

• It has a short history

• It is well-established and credible

What is the expected growth rate for exports in the Philippines next year?

• 8%

• 5%

• 10%

• 12%