The Bangko Sentral ng Pilipinas (BSP) is expecting volatility in the financial markets as the United States Federal Reserve decided to taper its stimulus program.
“Coming to this meeting, several Fed officials had already indicated an openness to a taper soon, and some market participants have indeed called for, at best, a $10-billion reduction in asset purchases . . .,” BSP Governor Amando Tetangco Jr. said in a text massage to reporters on Thursday.
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