The central bank said it is keeping a close eye on risks from inflation pressures, market volatility, debt growth, and other factors that could threaten the strength of the Philippine economy, and that building buffers against these potential threats are vital in maintaining price, financial and economic stability.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told the Foreign Correspondents Association of the Philippines (FOCAP) Media Forum this week that the recent irregular shifts in global market behavior confirm the need for economies to insulate themselves from spillovers from these external volatilities.

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