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Philippine central bank governor says ample policy leeway to support recovery

Philippine central bank governor says ample policy leeway to support recovery

FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco

MANILA : The Philippine central bank has ample leeway to support the economic recovery, with conventional policy instruments far from being fully utilised, its governor said on Thursday.

The monetary policy remains oriented towards supporting economic recovery, Bangko Sentral ng Pilipinas Governor Benjamin Diokno told a regular news conference.

The central bank will ensure smooth normalisation of policy measures, he added.

(Reporting by Neil Jerome Morales; Editing by Raissa Kasolowsky)

Source: Reuters

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