Philippine Central Bank Raises Key Rate for Second Month

Philippine Central Bank Raises Key Rate for Second Month

Assessment

Interactive Video

Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the inflation forecast for the Philippines that the Central Bank marginally reduced?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Central Bank's inflation target range?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main factors contributing to the increase in inflation this year?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the Central Bank expect regarding inflation in the next year?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns does the Central Bank have regarding wage demands?

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