Philippines central bank to reduce policy meetings

The central bank of the Philippines has decided to hold its monetary policy-setting meetings every six weeks starting July, instead of every four weeks.

The number of policy meetings in a year will drop to eight or nine from 12, it said.

"The reduction in the number of meetings will allow the Monetary Board (MB) to consider a larger amount of macroeconomic data in its policy discussions, and to have more time for analysis and evaluation of the economic evidence," central bank governor Amando Te

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