In its assessment of the monetary policy stance, the monetary board noted that prevailing conditions continue to provide room for the central bank to keep its policy rates steady in the near term.
More Quotes from Amando Tetangco:
The creation of large liquid benchmarks will improve the trading turnover in the secondary market as this is expected to, among others, reduce the bid-offer spreads on bond prices. Participants will be able to get in or out of the benchmark issues more easily, making trading in Philippine bonds comparable to those in other emerging markets. This will be highly attractive to foreign investors in the market and bring additional business opportunities to the local financial community. This effort will complement earlier initiatives in capital market development, including the creation of the Fixed Income Exchange.Amando Tetangco
The Central Bank is not going to let inflation get out of hand (in the Philippines).
Amando Tetangco
The increase in the rate is intended to address possible second-round effects on consumer prices coming from supply shocks. We have to continue to assess the situation and decide on what will be the inflation expectation that could arise from possible higher wages and transport costs.
Amando Tetangco
Renewed confidence will encourage more investment inflows. That is possible as long as the reform effort is sustained.
Amando Tetangco
Improved macroeconomic conditions, particularly on the fiscal front, as well as upbeat expectations for 2006 heightened investor confidence.
Amando Tetangco
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