Rice inflation risks high, BSP cautioned

Quick Summary:

A FORMER Deputy Governor of the Bangko Sentral ng Pilipinas (BSP) has offered a word of caution on the central bank’s plans to further ease monetary policy, saying that the "precarious rice situation” will not lead to slower inflation this year.

By February, Laurel noted that they aim to offer the rice stocks to LGUs and other agencies at P36 per kilo, which the latter could sell to the public at P38 per kilo.

The Department of Agriculture is poised to declare a food security emergency to address persistently high rice prices.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Prices Kilo National Rice Emergency Tons Food Inflation Guinigundo Price Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 16:08:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 798 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25325729

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Official Website: businessmirror.com.ph

Update Frequency: 40 posts per day

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