The Philippines could benefit from volatile external financial markets in the long run but it is important to adopt the right policies to realize gains, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday.

"The low inflation, because of the lower global oil prices, would be one of the advantages. But we need to closely monitor the developments and the potential impact of these developments on us and adopt policies to address the potential impact," central bank Governor Amando Tetangco Jr., told The Manila Times at the sidelines of a forum staged by the paper.

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