BSP turns cautious on easing monetary policy

MANILA, Philippines — The central bank, Bangko Sentral ng Pilipinas (BSP), said it would be less aggressive in easing monetary policy, saying it had already taken several measures to ensure sufficient liquidity in the system.

BSP Governor Amando Tetangco Jr. said that while there was still room for further easing of monetary policy, the central bank would do so in a “prudent and calibrated” manner.

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