BSP stays ‘vig­i­lant’ to keep in­fla­tion un­der con­trol: Espe­nilla

Watchmen Daily Journal - - BUSINESS - News) (ABSCBN (PR)

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).

(Mark De­mayo, ABS-CBN News/File)

Gaso­line is pumped into a ve­hi­cle at a petrol sta­tion in Manila. Fall­ing fuel prices are cred­ited for slower in­fla­tion in Novem­ber.

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