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BSP to use economy-related news in policy formulation - Vimarsana News

BSP to use economy-related news in policy formulation

Published: June 9, 2022

REAL-TIME SENTIMENTS. News articles relating to business, economy, and finance will be used by the Bangko Sentral ng Pilipinas (BSP) to gather real-time sentiments and help monetary authorities in their policy and decision-making. BSP Governor Benjamin Diokno said the news articles will be gathered from reputative dailies in the country. (PNA file photo) MANILA - The Bangko Sentral ng Pilipinas (BSP) is set to utilize sentiments on the macroeconomic front through news articles to further strengthen its economic policy formulation. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno...

Source: philippinetimes.com
Related Topics:
San FranciscoUnited StatesBenjamin DioknoBangko SentralFederal Reserve BankNews Sentiment IndexBig Data RoadmapReal Time Sentiments News Articles Relating To BusinessNd Finance Will Be Used By The Bangko Sentral Ng Pilipinas Bsp To Gather Real Time Sentiments And Help Monetary Authorities In Their Policy Decision Making Governor Benjamin Diokno Said News Articles Gathered From Reputative Dailies Country Pna File Photo Manila Is Set Utilize On Macroeconomic Front Through Further Strengthen Its Economic Formulation Ina Virtual Briefing ThursdaySp Governor Benjamin Diokno Said The News Sentiment Index Nsi Is Part Of Central Bank 39s Big Data Roadmap Initiative Aimed At Ensuring That Treatment And Handling All Types Across Are UniformOmpliant With Domestic LawsNd Is Consistent With Best Practices Quot The Nsi Will Equip Bsp Witha Cost Effective And Efficient Data Gathering Index Generation Solution For Monitoring Real Time Economic DevelopmentsNd Which Can Serve As An Important Input For Economic Policy FormulationUot He Said Diokno Data Collection And Processing Will Be Done Usinga Computer Program That Also Determine Whether The Use Is PositiveR Negative He Said The Business And Economy Related News Articles Will Be Gathered From Reputable Domestic Media Outlets That Have Received Citations Awards Both Here Abroad Quot Bsp Ensures It Uses Only Truthful Fact Checked Data In Its Decisions PoliciesUot He Added Diokno Said The Use Of Nsi Follows Several Central Banks OverseasUch As The Federal Reserve Bank Of San FranciscoHe Bank Of KoreaNd The Reserve Bank Of Australia He Said BspIpo DateS On The Exploratory Stage In Using Big Data And Noted There Are Several Promising Use Cases For This Diokno Said Nsi Will Supplement Quarterly Consumer Business Expectation Surveys Quot News Sentiment Index ComplementIll Supplement The Confidence Index Data During Our Quarterly Consumer And Business Expectation Surveys Purpose Of News Sentiment Is To Narrow Information Gap By Providing Us With More Frequently This Will Allow Intervene Make Timely Policy Decisions Based On Prevailing Economic EnvironmentUot He Added Pna