Philippines central bank has room to maintain policy settings, governor says

MANILA (Reuters): The Philippines' central bank has leeway to keep policy settings unchanged this month even if the April inflation reading comes in at 4%, its governor said on Monday.

The central bank remains hawkish, but a trend of 3% inflation in the coming months would give the central bank room to cut rates, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona told reporters.