The Philippines appears to be “well placed” to deal with the impacts of the possible tapering of the quantitative easing (QE) program of the United States Federal Reserve, an official at the Bangko Sentral ng Pilipinas (BSP) said.

In a speech at the 5th Annual Corporate Treasury/CFO Summit held last week, BSP Deputy Governor Diwa Guinigundo said that with stronger signs of improvement in the US economy, financial markets are expectedly nervous about the possibility of the US Federal Reserve prematurely reducing its quantitative easing program sometime in 2013.

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