“The BSP stands ready to make refinements in its existing macroprudential measures or deploy new ones, as necessary, to pre-emptively address the risk of financial-market turbulences and imbalances,” BSP Governor Amando M. Tetangco Jr. said in his speech in the Philippines’s midyear economic briefing on Tuesday. By expressing readiness to act, Tetangco effectively gave assurance the central bank has not run out of strategies or measures that would support the economy in the event the US Federal Reserve decision to scale back or withdraw altogether its monetary-stimulus program proves disorderly down the line. #BSP #economy #financialrisk businessmirror.ph/index.php/en/news/top-news/19561
Posted on: Wed, 18 Sep 2013 02:37:38 +0000
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