President Marcos established the Inflation and Market Expectation Committee

According to the Manila Times of the Filipinas on March 8, on Tuesday, Philippine Finance Minister Diocano said that President Marcos had set up a permanent inter-departmental committee to monitor inflation and market prospects. Based on scientific analysis, the Committee will report the supply and demand of commodities to the President every month, ensure the correct import timing (especially to ensure that the import timing of agricultural products does not conflict with agricultural harvest, so as not to affect farmers' income), and monitor the inventory to prevent hoarding. The main principals of the Ministry of Finance and the National Economic Development Agency of the Philippines serve as the co-chairman of the committee, the Ministry of Budget Management as the vice-chairman, the Ministry of Agriculture, the Ministry of Trade and Industry, the Ministry of the Interior and the Ministry of Science and Technology as the main members, and the Central Bank as the "resource institution". The recent surge in inflation in the Philippines is the main reason for the establishment of the institution. Di said that the inflation rate will continue to slow down and may fall to the level of 2% to 4% in October.