Economy 1 MIN READ

Philippine has space to maintain accommodative policy -governor

November 4, 2021By Reuters

The Philippine central bank has ample room to keep its accommodative monetary policy, its governor said on Thursday, ahead of a policy meeting later this month.

With elevated inflation seen as transitory, the central bank can continue supporting economic recovery, Bangko Sentral ng Pilipinas Governor Benjamin Diokno told a regular news conference.

The central bank, which will hold its next rate setting meeting on Nov. 18, has kept interest rates PHCBIR=ECI steady at a record low of 2.0% in its last seven meetings to support the economy. nL4N2RD017

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

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