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In the Philippines, monetary policy is the way the central bank, the Bangko Sentral ng Pilipinas, controls the supply and availability of money, the cost of money, and the rate of interest. With fiscal policy (government spending and taxes), monetary policy allows the government to influence the economy, control inflation, and stabilize ...
The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country. [25] In September 2018, the inflation rate of the country further increased to 6.7%, its highest in a decade. [26] [27] President Duterte blamed American president Donald Trump for the inflation increase. [28]
The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in ...
An Act Strengthening Professionalism and Promoting the Continuity of Policies and Modernization Initiatives in the Armed Forces of the Philippines, by Prescribing Fixed Terms for Key Officers Thereof, Increasing the Mandatory Retirement Age of Generals/Flag Officers, Providing for a More Effective Attrition System, and Providing Funds Therefor
The inflation rate in June—which exceeded both government and market expectations—was the fastest pace in at least five years. Year-to-date, inflation averaged 4.3 percent, above the BSP's 2–4 percent target range." [9] According to the PSA, headline inflation "peaked at 5.2 percent for the same month. For the previous months, inflation ...
– Examples where inflation has eased, ranked by the size of the change: Passenger travel by air: August up 11.9%, September down 5.0% Olive oil: Aug up 40.8%, Sep up 33.0%
No. Title / Description Date signed Ref. 1 Abolishing the Presidential Anti Corruption Commission and the Office of the Cabinet Secretary.: June 30, 2022 [1]2 Reorganizing and Renaming the Presidential Communications Operations Office and its Attached Agencies into the Office of the Press Secretary, Abolishing the Office of the Presidential Spokesperson, and for Other Purposes
Reorganizing the Cabinet Clusters System by Integrating Good Governance and Anti-Corruption in the Policy Frameworks of All Clusters and Creating the Infrastructure Cluster and Participatory Governance Cluster May 16, 2017 [24] 25 Changing the Name of "Benham Rise" to "Philippine Rise" and for Other Purposes [25] 26