Bloomberg News

Philippines’ Monetary Policy Is Flexible, Tetangco Says

September 29, 2011

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.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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