Bloomberg News

Philippines Not in Favor of Speculative Inflows, Reviews NDFs

September 29, 2011

Sept. 30 (Bloomberg) -- The Philippine central bank is monitoring inflows as it reviews the policy on non-deliverable currency forwards or NDFs, Governor Amando Tetangco said in a government economic briefing in Manila. “We don’t favor inflows that are speculative in nature,” Tetangco said.

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

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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