Bloomberg News

Philippines May Loosen Foreign-Exchange Rules, Guinigundo Says

October 27, 2011

Oct. 27 (Bloomberg) -- The Philippine central bank may further liberalize rules on foreign-exchange, Deputy Governor Diwa Guinigundo said in a speech in Manila today.

Bangko Sentral ng Pilipinas plans to expand its policy framework to prioritize financial stability alonside price stability, he said.

With assistance from Clarissa Batino in Manila.

To contact the reporter on this story: Norman P. Aquino in Manila at naquino1@bloomberg.net

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


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