Changes to central bank law mooted in the Philippines

Three proposals to council could see changes made to the central bank act very soon

Proposals have been submitted to the Philippines' Senate Committee on Banks, Financial Institutions and Currencies, suggesting changes may soon be made to the country's 20-year-old central bank law.

Since June, three bills have been put forward to senator Francis Escudero, chairman of the committee – the latest of which was authored by him.

Senate Bill number 1027 aims to "strengthen the tools" wielded by the Central Bank of the Philippines (BSP) when performing its mandate, thereby protecting

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