BSP sees no signs of capital outflow as Fed taper begins

Central Bank of the Philippines now mulling exit from its own purchase programme

Benjamin Diokno
Benjamin Diokno
Photo: Valentina Annese

The Central Bank of the Philippines (BSP) has not noticed any change in capital flows after the US Federal Reserve made the decision to phase out its asset purchases, said governor Benjamin Diokno.

The BSP will continue to pursue loose monetary policy “for as long as necessary”, said Diokno. “Maybe by next year we will start reviewing our money policy,” he told a press briefing on November 5, attended by Central Banking.

The gross international reserves of the Philippines have continued to

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