BSP stays ‘vigilant’ to keep inflation under control: Espenilla
The Bangko Sentral ng Pilipinas (BSP) will "stay vigilant" to keep inflation under control, even as price spikes slowed for the first time this year in November, Governor Nestor Espenilla said yesterday.
The 6-percent print in November, from 6.7 percent in the previous two months, is "very encouraging" and points to inflation heading back to the BSP's 2 to 4 percent target, Espenilla said in a statement.
"Monetary policy will need to stay vigilant to keep inflation under firm control amid expected strong economic growth," he said.
Espenilla credited "strong monetary action" for the slowdown in inflation, but the "more direct impact on economic activity will take a longer time to take hold," he said.
The BSP hiked the benchmark borrowing rate by a cumulative 1.75 percentage points this year in the face of rising prices. During its last policy meeting earlier this month, it lowered its inflation forecast for 2019. Oras,” “Daddy’s Gurl,” “Daig Kayo ng Lola Ko,” and “Onanay.”
Included in the list as well were “Magpakailanman,” newly-launched primetime series “Cain at Abel,” “Studio 7,” “Victor Magtanggol,” “Amazing Earth,” “24 Oras Weekend,” “Wowowin,” “Pamilya Roces,” “Eat Bulaga,” and “Kapag Nahati Ang Puso.”
GMA also dominated both the Urban Luzon and Mega Manila lists, taking 23 and 25 spots out of the top 30 programs, respectively.
Nielsen data is gathered through a greater number of sampled homes nationwide in comparison to Kantar Media. With approximately 900 more homes surveyed in Total Urban and Rural Philippines compared to Kantar, Nielsen data is statistically considered more representative of the total TV population.
In 2018, Nielsen TV Audience Measurement’s client pool covers a total of 34 clients/subscribers consisting of eight local TV networks including ABS-CBN, TV5, Aksyon TV, CNN Philippines, and Viva Communications Inc., among others; three regional clients; two blocktimers; and 21 agencies (17 media agencies, three consulting agencies, one digital agency).
Gasoline is pumped into a vehicle at a petrol station in Manila. Falling fuel prices are credited for slower inflation in November.