BSP sees room for monetary, fiscal tweaks as needed

Reuters

Posted at Mar 24 2015 02:21 PM | Updated as of Mar 25 2015 01:16 AM

MANILA - The Philippine central bank believes there is sufficient room for adjustments in both the country's monetary and fiscal policies if necessary, given low inflation, its governor said on Tuesday.

Governor Amando Tetangco, speaking at a business forum ahead of a policy meeting on Thursday, also said the country's growth target this year of 7 to 8 percent was within reach.

The Bangko Sentral ng Pilipinas kept the overnight borrowing rate  at 4 percent for the third consecutive meeting last month, with inflation this year seen within its 2-4 percent target.