BSP: Monetary policy still ‘appropriate’

THE Philippines’ monetary policy remains “appropriate” based on the latest developments in the first quarter of 2019, according to the Bangko Sentral ng Pilipinas (BSP).

“[O]ur prevailing monetary policy stance remains appropriate, given the confluence of easing inflation and firm growth dynamics,” Diokno said in his welcome remarks during the central bank’s press briefing for the First Quarter Inflation Report on Friday.