Philippine central bank says sees room for monetary, fiscal tweaks as needed
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
