BSP and BoT to cooperate on monetary policy

PHILIPPINES - The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) and the Bank of Thailand (BOT) have agreed to increase the amount of technical cooperation on monetary policy and banking supervision, BSP governor Rafael B. Buenaventura said recently.

In a news briefing, the BSP chief also said the central bank is looking at Thailand's inflation targeting model, which he said has been effective as a forecasting tool. "We will try to study their model and see if we should