No ‘strong need’ to change policy stance – TetangcoBangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said there was still no “strong” reason to change its current monetary policy stance. Tetangco made the comment after the government released its latest inflation data for the Month of August which dropped to 1.8 percent compared to July’s 1.9 percent, below the target range of two percent and four percent. (Manila Bulletin) Amando M. Tetangco Jr.(Manila Bulletin)“There appears to be no strong need to change stance of policy,” he said. BSP forecasts 2017 average inflation of 2.9 percent from this year’s forecast average of 1.8 percent. Monetary policy is expected to remain steady in the very near term, he said.

Source: Manila Bulletin September 06, 2016 14:16 UTC