Economy strong enough to absorb rate hike – BSP

The Philippine economy is expected to be resilient enough to absorb any tightening in monetary policy any time the central bank finds the right signal from the next stimulus cutback by the United States Federal Reserve.

Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo reiterated over the weekend that at the current pace of domestic growth, the Philippine economy is ready to stand the impact and make adjustments to any move by the US Fed to raise its policy rates.