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Philippine c.bank to unwind relief measures in a timely manner -governor

Published 03/26/2021, 03:02 PM
Updated 03/26/2021, 03:10 PM
© Reuters.

MANILA, March 26 (Reuters) - The Philippine central bank
will unwind accommodative policy measures in a timely manner,
its governor said on Friday, as he expects the adverse economic
impact of the COVID-19 pandemic to be transitory.
"We will carry out disengagement strategies in a manner that
avoids risks associated with early or late implementation,"
Governor Benjamin Diokno told a business forum. The central bank
on Thursday kept policy rates at a record low to support
recovery.

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