BSP says no specific macroprudential measures on the table


Posted at Jan 11 2013 12:00 PM | Updated as of Jan 11 2013 08:00 PM

The Philippine central bank is not looking at any specific macroprudential measures at the moment but its review of monetary policy settings includes "new tools" that can be used if necessary, its governor said on Friday.

Inflation this year is expected to be close to the low end of the government's target, Philippines central bank governor Amando Tetangco also said.

"The price stability and financial stability objectives are on track," he said. "We will continue the review of the tools that we have, including new tools that can be deployed if there is a need to do so."

There was no immediate indication of what those "new tools" might include.

The central bank's Monetary Board will meet on Jan. 24 to review policy.