BSP ready to adjust policy depending on inflation
MANILA - The Philippine central bank is ready to tweak its monetary policy, adjust macroprudential measures, or deploy new ones amid external risks to inflation and economic growth, Governor Amando Tetangco said on Tuesday.
"BSP (the central bank) stands ready to make refinements to existing macroprudential measures or deploy new ones if necessary," he said at a mid-year briefing by the Philippines' economic managers.
The central bank can also "make adjustments in stance of monetary policy as the inflation target will allow to support economic growth", he said.
The central bank held its benchmark rate and the rate on its special deposit account facility steady last Thursday with inflation tame and the domestic economy on a solid footing.