THE government will have to go beyond doing the “usual stuff” if it wants to bring down rice prices and keep a lid on inflation, a former Bangko Sentral ng Pilipinas (BSP) official said.
Diwa Guinigundo, who was BSP deputy governor from 2005 to 2019, warned that the central bank had already taken notice of inflation risks and that proposals by the Department of Agriculture (DA), including the possible declaration of a “rice emergency,” were worrying.
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