The next Philippine president will have to focus on the country’s rising inflation and the central bank’s responses to control high prices of goods, which is to increase interest rates for the first time since November 2020, according to a Moody’s Analytics commentary.“The incoming president will need to treat inflation as a top economic priority inflation management has become a key policy point.
For most local analysts such as Security Bank Corp.’s Robert Dan Roces, the GDP growth prospects for the first quarter is healthy due to the easing of mobility measures. Roces expects the government to report a GDP growth of seven percent on Thursday, May 12.
“The incoming president will need to treat inflation as a top economic priority. Both Marcos and Robredo have floated fiscal support, with Marcos flagging the idea of a fuel subsidy and Robredo suggesting targeted social aid for the poor,” noted Moody’s. However, the debt watcher said the Philippines “might not have the financial capacity to provide such fiscal cushioning.”
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