The risks to the Philippines’ financial sector from the Middle East conflict are real but manageable, according to a report co-published by the country’s central bank.
The financial stability council – which includes the Central Bank of the Philippines (BSP) and four other regulators – published its annual report today (June 8). A section of the report, dated March 6, states that the Philippines is primarily exposed to the effects of the conflict via two channels: “Imported inflation from higher
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