The economy may be running hot but it is not overheating thanks to continued tending by monetary authorities, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Wednesday.

“I can tell you that [the] BSP spends a lot of time understanding the economy at any given point of time, developing a dynamic game plan and executing effectively. So the economy doesn’t overheat!,” central bank Governor Nestor Espenilla Jr. said in a message to reporters.

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