Tag: macroprudential
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BSP Warns of Wider BOP Deficit in 2026 Amid External Headwinds
BSP Revisions to the 2026 BOP Forecast The Bangko Sentral ng Pilipinas (BSP) has revised its outlook for the Philippines’ balance of payments (BOP), predicting a wider deficit in 2026 as external headwinds persist. This downward revision reflects continued pressure from global financial market volatility, higher import bills, and weaker capital inflows amid a challenging…
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Rebuilding Trust in Monetary Policy: Nigeria’s Path to Credibility
Introduction: Why Trust Matters for Monetary Policy For any central bank, the core mandate remains price stability. Yet in emerging markets like Nigeria, rebuilding trust in monetary policy is essential when past choices—often marked by unorthodox measures—produced inflationary pressures and currency volatility. Credibility matters because it shapes private-sector expectations, exchange-rate behavior, and the effectiveness of…