Wealth fund won’t impact BSP’s price stability mandate – governor

MANILA, Dec 15 (Reuters) – The Philippines’ central bank’s ability to fulfil its mandate of maintaining price stability will not be affected by a proposed sovereign wealth fund under its current version, the central bank’s governor said on Thursday.

“The BSP’s (central bank) ability to maintain price stability will not be negatively affected by the current version,” Governor Felipe Medalla told reporters.

(Reporting by Neil Jerome Morales; Editing by Ed Davies)