Investing News and Headlines

Crisis Leadership

Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. warned that monetary policy has reached the limit of its effectiveness as the Philippine economy faces deep‑seated structural problems, not just liquidity shortages. Simultaneous shocks from oil prices above $100 per barrel and a looming rice‑supply crunch are pushing inflation toward the upper end of the BSP’s target and widening the current‑account deficit to around four percent of GDP. The central bank’s robust foreign‑exchange reserves provide a short‑term buffer, but sustained external deficits could erode that safety net. The article calls on President Bongbong Marcos to implement fiscal and structural reforms to restore confidence.