The Bangko Sentral ng Pilipinas (BSP) said the US Federal Reserve’s decision to keep its interest rates steady means that the Philippines need to focus on domestic sources of growth despite robust demand.
“Even as domestic demand is seen to remain firm, the Fed move means (for us) a greater need to consider domestic sources of growth, given an apparent global fragility,” BSP Governor Amando Tetangco Jr., told reporters in a text message on Thursday.
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