Philippine Central Bank Raises Key Rate for Second Month

The video discusses the inflation outlook in the Philippines, highlighting concerns of the Central Bank (BSP) due to a rise in inflation rates, which are above the target range. Factors such as tax adjustments and a currency slump have exacerbated inflation. The Central Bank has revised its inflation forecast slightly downwards and raised interest rates to manage the situation. Future concerns include potential second-round effects, particularly related to wage demands influenced by rising oil prices.

What was the Central Bank's revised inflation forecast for the Philippines this year?

• 2.0%

• 3.3%

• 4.6%

• 4.5%

Which factor was NOT mentioned as contributing to the inflation rise in the Philippines?

• Higher fuel taxes

• Increased vehicle taxes

• Currency appreciation

• Higher taxes on sugary drinks

What is the Central Bank's inflation forecast for next year?

• 5.0%

• 2.5%

• 3.3%

• 4.5%

What is the main concern of the Central Bank regarding second-round effects of inflation?

• Wage demands

• Tax adjustments

• Currency depreciation

• Interest rate hikes

How have rising oil prices affected the economic outlook in the Philippines?

• They have led to increased exports.

• They have contributed to higher wage demands.

• They have stabilized the currency.

• They have reduced inflation.