BSP sees continued manageable inflation

Reuters

Posted at Dec 05 2014 11:07 AM | Updated as of Dec 05 2014 07:07 PM

MANILA - The Philippine central bank is monitoring the possible impact of a super typhoon set to hit central provinces, although it still expects inflation to remain manageable due to lower oil prices globally and a firmer peso, its governor said on Friday.

"We will adjust the stance of policy as necessary to respond to the emerging balance of risks to inflation," Amando Tetangco said in a mobile phone message sent to reporters after the release of November inflation data.

Philippine annual inflation slowed for the third straight month in November, bolstering expectations the central bank will leave interest rates on hold at next week's policy meeting and longer before resuming its tightening cycle.