Dakila said the Monetary Board has “front loaded” its response to the tight monetary policy of the US Federal Reserve by raising its policy rates by 425 basis points to 6.25 percent since May 2022.

Source: https://businessmirror.com.ph/2023/09/13/monetary-policy-stays-till-inflation-at-2-4/

Francisco Dakila Jr., Deputy Governor at the Bangko Sentral ng Pilipinas (BSP), said in a press briefing that, based on past occurrences of El Niño, the climate phenomenon may raise inflation by 0.1 percentage point.

Source: https://business.inquirer.net/401900/el-nino-impact-on-economy-minimal-says-bsp-official