Glenda no threat to inflation – BSP

The devastation caused by Typhoon Glenda on property, livelihoods and businesses this week will not wreak havoc on inflation, according to initial assessments made by the central bank in the aftermath of the storm.

“The extent of the damage caused by Glenda is still being assessed, but from what we have seen and from what the NDRRMC has reported, it looks like the effect of Glenda would be substantially less than the effects of stronger typhoons that struck the country in recent years,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told reporters on Friday.