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Philippines central bank prepares for severe El Niño impact

Original: Philippines’ central bank braces for ‘Godzilla’ El Niño

The Bangko Sentral ng Pilipinas is preparing for the possible economic fallout of an exceptionally strong El Niño event, dubbed 'Godzilla'. The weather pattern threatens droughts that could damage agriculture, push up food prices and complicate the central bank's fight against inflation. Authorities are weighing how supply shocks might affect policy decisions in the months ahead.

Why now: A potential extreme El Niño threatens inflation and growth, forcing the central bank to plan ahead

Bangko Sentral ng PilipinasPhilippinesEl Niño

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• Philippines’ central bank braces for ‘Godzilla’ El Niño · Financial Times

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