In anticipation of rising inflation, Asian Development Bank (ADB) expects Central Banks in developing Asia to tighten their monetary policy this year even though the inflation outlook for the region remains manageable compared to other regions. Speaking in ADB’s Asian impact webinar, its senior economist Matteo Lanzafame said Central Banks should start to tighten monetary policy by raising interest rates to fight against anticipated rising inflation as this will help them from falling behind the inflation curve.
THE Asian Development Bank (ADB) may have maintained its growth forecast for the Philippines at 6 percent for this year, but warned that the impact of the Russia-Ukraine war could further push inflation upward in the coming months. Based on the ADB’s Asian Development Outlook (ADO) 2022, the country’s GDP…
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