Philippines central bank chief says focus on price stability, but monetary policy conduct has changed
TLT•Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said monetary authorities remain focused on price stability but have changed how they conduct policy, taking scenario analyses more seriously amid high oil prices, El Niño and uncertainty.
1. Policy approach
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said monetary authorities remain focused on price stability, but the way they conduct monetary policy has changed. Scenario analyses have become more important because of high oil prices and the El Niño weather pattern, he said during IMF-World Bank meetings in Bangkok.
