Steady course seen for Philippine monetary policy

10/20/2013 | Business World (Philippines)

Although Philippine inflation is expected to rise slightly, it is within the target range and the central bank is unlikely to change policy before the first quarter of 2014, said Felipe M. Medalla, a member of the Monetary Board and a former socioeconomic planning secretary at the central bank. "I see no need to change monetary policy and even SDA [special deposit account] rates for the rest of the year," Medalla said.

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