Philippine central bank says has tools to cushion Fed taper impact

MANILA, June 19 (Reuters): The Philippine central bank has enough measures to counter any macroeconomic fallout from a possible shift in the US Federal Reserve's monetary policy, its governor has announced.

"We can do a lot of measures to counteract any possible effect on the Philippines," central bank Governor Benjamin Diokno told a regular news conference after the Federal Reserve signaled it would raise rates earlier than expected.