6/26/2013

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.

Related Summaries