MANILA: The Philippine central bank said it would keep intervening in the market to manage wild swings as the peso jumped nearly 1% following the US Federal Reserve’s decision to maintain its bond-buying stimulus programme.
Monetary authorities were also watching for potential risks in asset markets, although there were enough macro-prudential tools in place to address capital-inflow surges, said Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco.
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