Philippine central bank says sees room for monetary, fiscal tweaks as needed

[MANILA] The Philippine central bank believes there is sufficient room for adjustments in both the country's monetary and fiscal policies if necessary, given low inflation, its governor said on Tuesday.

Governor Amando Tetangco, speaking at a business forum ahead of a policy meeting on Thursday, also said the country's growth target this year of 7 to 8 per cent was within reach.

The Bangko Sentral ng Pilipinas kept the overnight borrowing rate at 4 per cent for the third consecutive meeting last month, with inflation this year seen within its 2-4 per cent target.

REUTERS