philippine central bank sees no urgent need to alter policy
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Philippine central bank sees no urgent need to alter policy

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Philippine central bank sees no urgent need to alter policy

Governor Amando Tetangco
Manila - Arab Today

The Philippine central bank is ready to modify its monetary policy stance if needed, but sees no urgency to do it now, Governor Amando Tetangco said on Wednesday.

The central bank is "ready to act in case there is a need to modify" its stance, Tetangco told Reuters in an interview at his office. 

"There are many moving parts in the environment. It is important we continue to monitor and assess the developments in terms of potential implication for Philippine inflation and growth," Tetangco said.

The Bangko Sentral ng Pilipinas has not tinkered with its monetary policy since it raised rates by 25 basis points in September 2014, with the Southeast Asian economy growing strongly and inflation low.

But it set the main rate at 3.0 per cent when it moved to an interest rate corridor framework in June last year to make policy transmission faster and more efficient.

Tetangco also reiterated that the central bank had enough policy tools to manage any volatility in financial markets and that it "will not go against the fundamental trend" of the Philippine peso currency.

When asked if he would accept President Rodrigo Duterte's offer to extend his tenure beyond the 12 years he soon would have served, the governor said: "That's a hypothetical question". Tetangco, whose current term ends in July, has been asked to serve another six-year term.

He only said that the "best candidate" to succeed him "should be someone with central banking background."

Some economists believe the central bank will have to raise rates this year as inflation edges higher.

Nomura said in a recent research note it expects a cumulative 50 basis points of hikes in the first half of 2017 and thinks it will be the only central bank in Asia to raise rates this year.

Source :Times Of Oman

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine central bank sees no urgent need to alter policy philippine central bank sees no urgent need to alter policy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine central bank sees no urgent need to alter policy philippine central bank sees no urgent need to alter policy

 



GMT 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice