By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINE central bank would probably keep policy settings on hold given “evolving inflation conditions,” Governor Eli M. Remolona, Jr. said on Monday, even as he signaled a less restrictive stance if price pressures continue to ease.
“Evolving inflation conditions show that the BSP (Bangko Sentral ng Pilipinas) can hold its policy settings steady for the time being,” Mr. Remolona said during a Development Budget Coordination Committee (DBCC) briefing before the House Committee on Appropriations on Monday.
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