BSP reiterates independent policy

By Mayvelin U. Caraballo

Mar 18, 2022 12:23 am

THE Bangko Sentral ng Pilipinas (BSP) maintained on Thursday that it will adjust its monetary policy settings at its own pace despite the latest rate hike in the United States.

Central bank Governor Benjamin Diokno said in a virtual briefing that the BSP does not have to follow the US Federal Reserve's monetary policy adjustments, which boosted the federal funds rate by 0.25 percent and signaled an aggressive plan to curb inflation.

The Bangko Sentral ng Pilipinas Building. PHOTO BY ENRIQUE AGCAOILI

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