Philippine Central Bank Has Room to Maneuver on Rate Policy: Governor

Philippine Central Bank Has Room to Maneuver on Rate Policy: Governor

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the Bangko Sentral ng Pilipinas (BSP) monetary policy, focusing on interest rates and inflation. The BSP is monitoring global economic conditions, particularly the US Federal Reserve's actions, to decide on rate adjustments. Despite global tightening, the BSP maintains a 2% rate, citing favorable inflation and growth outlooks. The discussion also covers economic growth, unemployment, and risks like COVID-19 and geopolitical tensions. The BSP's exchange rate policy is flexible, with minimal intervention, and foreign investments are rising, indicating confidence in the Philippines' economic policies.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current interest rate set by the BSP?

2%

1%

4%

3%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What internal measure has the BSP taken to adjust financial assistance?

Raised interest rates

Reduced assistance to the national government

Increased foreign reserves

Increased government securities participation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the BSP's approach to monitoring economic indicators?

Bi-annual reports

Quarterly reviews

Daily monitoring

Annual assessments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two major risks to economic growth mentioned by the governor?

High inflation and unemployment

Interest rate hikes and currency depreciation

Trade deficits and low foreign investments

COVID-19 and geopolitical tensions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the Philippines' foreign direct investment changed recently?

Fluctuated significantly

Increased by 52%

Remained stable

Decreased by 20%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the BSP's stance on the current exchange rate?

Targeting a specific rate

Intervening heavily in the market

Adopting a flexible exchange rate

Pegging to the US dollar

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of the upcoming Philippine elections on the economy?

Increased volatility

Emphasis on continuity

Major policy shifts

Decreased foreign investments