No need to ‘move in sync’ – Tetangco

Monetary policy settings in the Philippines do not have to be in sync with other central banks given the country’s strong fundamentals and well-anchored inflation expectations, the Bangko Sentral ng Pilipinas (BSP) chief said on Monday.

“We monitor what advanced economies’ central banks and central banks in the region do as these affect risk appetite of global investors and therefore capital flows also,” central bank Governor Amando Tetangco Jr. told reporters in a text message.