Central bank says no need to change policy stance


Posted at Sep 06 2016 11:21 AM

MANILA - The Bangko Sentral ng Pilipinas has no reason to change monetary policy, its governor said on Tuesday, after data showed inflation unexpectedly eased in August.

"There appears to be no strong need to change stance of policy. But we are mindful of possible weather-related supply disruptions as well as financial market volatility from investment re-balancing," Governor Amando Tetangco said in a mobile phone message.

Annual inflation eased to 1.8 percent in August. It was the 16th straight month that the rate had stayed below the central bank's 2-4 percent target range.