FSCC cites signs of recovery

By Mayvelin U. Caraballo

Jul 29, 2021 1:31 am

The interagency Financial Stability Coordination Council (FSCC) said that there are signs of economic recovery from the consequences of the coronavirus disease 2019 (Covid-19) pandemic, but cautioned that market conditions remain volatile.

'The economy is heading in the right direction,' FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno remarked in the '1st Semester Financial Stability Report FSR)' released on Tuesday.

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