© Reuters. FILE PHOTO: A brand of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their principal constructing in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco
MANILA (Reuters) – The Philippines central financial institution may continue its accommodative policy stance whilst it expects the economic system may exceed the federal government’s growth goal this yr, its governor mentioned on Sunday.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno mentioned full-year growth of 5% to 6% this yr, above the federal government’s 4% to 5% goal, “is attainable”.
“The BSP may continue to be patient and continue its accommodative monetary policy stance given the current domestic, external and financial developments,” Diokno advised reporters forward of a policy assembly on Nov. 18.
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