Philippine central bank to stay course amid market turmoil

06/26/2013 | Business World (Philippines)

Despite a plunging peso and sliding stock market, the Philippine central bank says it sees no immediate need for policy adjustments given the nation's robust real economy. "The Philippine fundamentals are solid, and we have built up safeguards to ride out the volatilities. Therefore, at the moment, there is no need for us to deviate from our current policy stance," said bank Governor Amando M. Tetangco Jr.

View Full Article in:

Business World (Philippines)

Published in Brief: