The central bank said its disciplined monetary policy stance and the sound banking system will enable the Philippines to withstand the impact of “divergences” in the global economy that create volatility risks.
Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. made that assertion in a speech before the joint General Assembly of ACI Philippines The Financial Markets Association (ACI), the Fund Managers Association of the Philippines (FMAP), Investment House Association of the Philippines (IHAP), Money Market Association of the Philippines (MART), National Association of Securities Broker Salesmen Inc. (NASBI), and Trust Officers Association of the Philippines (TOAP) held in Makati City on Tuesday evening.
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