✉news BusinessBanking first seen 15 h ago, last 54 min ago, peak #1

Philippines central bank prepares for 'Godzilla' El Niño

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

Bangko Sentral ng Pilipinas is preparing for the economic impact of a potentially severe El Niño event, dubbed 'Godzilla'. The weather pattern threatens drought, food inflation and supply disruptions, key concerns for the inflation-targeting central bank. Policymakers are weighing how a strong El Niño could affect price pressures and the timing of monetary policy decisions.

Why now: A powerful El Niño threatens food and energy inflation in the Philippines, forcing the central bank to plan its monetary response.

Bangko Sentral ng PilipinasPhilippinesEl Niño

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

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