Summary of Brokers opinion (Unicapital Securities) Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco spearheaded the economic briefing held at Philippine International Convention Center on March 18, 2014. Tetangco emphasized the need for economic resilience as he points out the risk in the emerging market fund outflow and increasing spreads in interest rates. He noted that the central bank will keep its accommodative monetary policy as inflation is still at its manageable range, although he noted that it won’t be long before policymakers move to a restrictive stance amidst the US Federal Reserve tapering. Tetangco said that the country should focus on inclusive growth to buffer the external factors that the BSP has less control. CONCLUSION: Governance reforms are expected to continue, focusing on transparency, accountability and regulatory efficiency. Fiscal prudence will remain as the government will continue to put all its efforts to improve competitiveness. Get more details when you join here for free.. pinoyinvestor/stockpicks/aff/go?r=6746
Posted on: Sat, 22 Mar 2014 14:16:54 +0000
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