BSP sets 'quiet period' amid market volatility

Jun 01, 2024 12:35 am

THE Bangko Sentral ng Pilipinas (BSP) will observe a seven-day 'quiet period' before monetary policy meetings in a bid to reduce speculation and possible confusion over public statements.

It said that 'forward guidance requires the BSP to exercise transparency, to be consistent in its messaging, and to project a single voice to the public when communicating the intention and direction of monetary policy.'

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. Photo from BSP

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