BSP Assures Congress that Policy Settings Support Growth

BSP ASSURES CONGRESS THAT POLICY SETTINGS SUPPORT GROWTH. During the recent 2023 National Budget Briefing of the Development Budget Coordination Committee (DBCC) with the House Committee on Appropriations, Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla (in photos, left) said the policy rate hikes temper inflationary expectations and provide space for future growth. Governor Medalla further underscored that next year’s budget is an important component for sustaining economic growth amid the pandemic. The DBCC is composed of the Department of Budget and Management, Department of Finance, National Economic and Development Authority, Office of the President, and the BSP as adviser. Photos show the central bank chief with House Speaker Ferdinand Martin G. Romualdez (first photo) and House Majority Leader Manuel Jose “Mannix” M. Dalipe (second photo) at the sidelines of the DBCC briefing held at the House of Representatives in Quezon City.

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