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Questions and Answers
What measures did the Secretary of Finance suggest to help control inflation in the Philippines?
What measures did the Secretary of Finance suggest to help control inflation in the Philippines?
- Passing the National Land Use Act and the Livestock Development and Competitiveness Bill
- Implementing the New Agrarian Emancipation Act and amending the PCIC Charter (correct)
- Creating a centralized database and supporting vulnerable sectors through subsidies
- All of the above
What did the Monetary Board do on Feb. 16?
What did the Monetary Board do on Feb. 16?
- Raised the growth target specified in the medium-term expenditure framework
- Raised the inflation target specified in the medium-term expenditure framework
- Raised the overnight borrowing rate by 50 basis points (correct)
- Lowered the overnight borrowing rate by 50 basis points
How does the National Economic and Development Authority suggest improving agricultural productivity in the short-term?
How does the National Economic and Development Authority suggest improving agricultural productivity in the short-term?
- By creating a centralized database for quick sharing of information
- By supporting vulnerable sectors through subsidies
- By implementing the Agriculture department's Kadiwa program
- All of the above (correct)
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Study Notes
- Bills on agrarian reform, land use, livestock industry competitiveness, and crop insurance will help the central bank rein in inflation.
- Headline inflation may have exceeded 9% in February.
- The Secretary of Finance called on Congress to pass the New Agrarian Emancipation Act.
- The Secretary of Finance also saw the need to amend the Philippine Crop Insurance Corp. (PCIC) Charter and approve the National Land Use Act.
- The Livestock Development and Competitiveness Bill will reduce inflation arising from high meat prices.
- The Secretary of Finance does not see the need to raise the growth or inflation targets specified in the medium-term expenditure framework.
- The Monetary Board considers the potential benefits and costs of hiking policy rates.
- The MB raised its overnight borrowing rate by 50 basis points on Feb. 16.
- The National Economic and Development Authority noted short-term measures to improve agricultural productivity are addressing supply chain issues.
- The government must also create a centralized database for quick sharing of information and support vulnerable sectors through subsidies and the Agriculture department’s Kadiwa program.
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