The Bangko Sentral ng Pilipinas (BSP) said that there is no need to “tweak” its policy rates in order to address short-term financial market volatility in emerging markets economies (EMEs) like the Philippines.
“The way we see it, the current volatility falling from the Fed action is in the financial markets in EMEs,” BSP Governor Amando Tetangco Jr. said in an e-mail to reporters over the weekend.
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