New rules may help cardholders
As the inflation rate hit a three-year high in April due to skyrocketing food and fuel prices, the central bank, Bangko Sentral ng Pilipinas (BSP), is ready to act to curb the increasing pressure on consumer prices, a BSP official said. During the BSP's latest quarterly inflation briefing yesterday (May 8), its officials said there were indications that demand pressures, not just supply shocks, were contributing to the sharp increases in consumer prices and the central bank would have a role to play in cooling inflation and...
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