Philippine Central Bank Aims to Anchor Inflation Back to Target, Governor Says

The transcript discusses the BSP's approach to managing inflation and interest rates amidst rising consumer prices and a depreciating peso. It highlights the BSP's focus on anchoring inflation back to target levels, the challenges posed by strong economic growth, and the importance of monitoring exchange rate developments. The BSP emphasizes its policy independence and readiness to adjust policy settings to manage inflation expectations and maintain economic stability.

What is the significance of the exchange rate developments in the context of the BSP's policy?

In what ways does the BSP demonstrate its policy independence according to the text?