Monetary authorities have the policy space to respond to the external and domestic headwinds facing the Philippine economy this year, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday.

"We have the policy space to respond to uncertainties … We will therefore make adjustments in the stance of policy as conditions warrant," central bank Governor Amando Tetangco Jr., said in his keynote speech during The Manila Times 3rd Business Forum.

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