Bloomberg News

Philippine Monetary Policy Remains Appropriate, Tetangco Says

October 19, 2011

Oct. 20 (Bloomberg) -- Philippine monetary policy remains appropriate, central bank Governor Amando Tetangco said in a speech in Manila today before meeting with other board members to decide on the 4.5 percent benchmark interest rate.

Policy makers will consider the impact of storms on prices, policy easing overseas and commodities, Tetangco said.

The central bank may decide on rules on non-deliverable currency forwards this month, he said.

With assistance from Cecilia Yap in Manila.

To contact the editor responsible for this story: Karl Lester M. Yap at kyap5@bloomberg.net


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