Philippines Doesn’t Need Additional Stimulus, Tetangco Says

The Philippines doesn’t need further stimulus now, and the outlook for the global economy suggests the use of caution in monetary policy, central bank Governor Amando Tetangco said.

“Domestic growth in the Philippines is strong, and therefore, we don’t see any real need for stimulus at this point,” Tetangco said today in an interview with Zeb Eckert on Bloomberg Television. “The recent volatility in international markets, owing to concerns of the timing of the Fed tapering would suggest caution in assessing the policy stance.”