Sept. 30 (Bloomberg) -- The Philippines’ monetary policy is “flexible,” central bank Governor Amando Tetangco said in a speech in Manila today.
The monetary authority has taken “preemptive steps” to support economic growth and keep inflation within target, Tetangco said.
The nation is in a strong position to deal with a faltering global recovery and natural calamities, helped by a rebound in agriculture and sustained consumer spending, Tetangco said. An investment grade debt rating is well within reach as the country’s fical position improves, he said.
-- With assistance from Clarissa Batino.
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