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Philippines to weather tighter financial conditions -central bank governor

Philippines to weather tighter financial conditions -central bank governor

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 Philippines is well-placed to weather tighter financial conditions should the U.S. Federal Reserve raise rates, the country's central bank governor said on Thursday.

The Philippines enjoys sound economic fundamentals, central bank Governor Benjamin Diokno told a news conference. He said the central bank had a wide range of monetary policy at its disposal to deal with any short-term volatility.

(Reporting by Karen Lema; Editing by Ed Davies)

Source: Reuters

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