Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas (The Philippines central bank). - Bloomberg
MANILA, Nov 14 (Bloomberg): The Philippine central bank can keep its accommodative monetary policy stance, Governor Benjamin Diokno said Sunday, ahead of the Nov. 18 policy rate meeting.
Inflation is easing and economic output is rising faster than expected, with this year’s GDP growth likely to exceed targets, Diokno said in a mobile-phone message to reporters. He also sees the peso appreciating as overseas Filipino workers send money home ahead of the holidays.
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