Philippine Central Bank Governor Medalla on Policy, Inflation, Peso

Bloomberg Markets and Finance published this video item, entitled “Philippine Central Bank Governor Medalla on Policy, Inflation, Peso” – below is their description.

Felipe Medalla, the newly-appointed governor of the Philippine central bank, discusses monetary policy and the outlook for the economy. Medalla said last month the central bank won’t shy from larger rate increases to prevent a steep peso fall from further stoking inflation. He speaks with David Ingles and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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