The monetary policy tweaks the central bank implemented last year placed the Philippines in a “good position” now despite the uncertainties ahead of higher interest rates in the US.
“Remember, we took tightening measures last year . . . We increased reserve requirements and rates, those preemptive measures were designed in anticipation of the Fed lift-off,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told reporters on Wednesday.
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