PH has sufficient cushions against volatility

The Philippine economy has enough measure to ride out the recent financial market volatility, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said during the Second Philippine Financial Market Forum held in Makati City.

“The Philippines, in part through the efforts of the BSP, has sufficient cushions to ride out the recent bout of financial market volatility and take advantage of the opportunities that would present themselves, as the Fed-forecasted US economic growth indeed gains more solid traction,” Tetangco said.