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BSP may tighten as oil risks rise
Manila Bulletin
|March 18, 2026
The Bangko Sentral ng Pilipinas (BSP) stands ready to pivot back toward a tightening bias as persistent supply shocks and the rally in global oil prices threaten to derail the central bank’s inflation targets.
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BSP Deputy Governor Zeno Ronald R. Abenoja said that the policy-making Monetary Board (MB) is closely monitoring geopolitical tensions that have driven up import costs and weakened the domestic currency.
“If we see further disruptions in supply chains, further deterioration, or further increases in prices, then that may prompt the MB to consider policy action moving forward,” Abenoja told the private sector on Tuesday, March 17.
This story is from the March 18, 2026 edition of Manila Bulletin.
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