In terms of monetary policy, ANZ expects to see continuity in decision-making with a firm focus on inflation. “The appointment also demonstrates the President’s confidence with and trust in his economic team. He sees the BSP monetary policy under the future governor unlikely to change, and inflation-targeting remaining as the central bank’s approach while carrying on its risk-related policy bias. “Soon-to-be BSP Governor Espenilla hardly talks about monetary policy publicly. He is BSP’s face on financial market regulation but he is still involved in shaping monetary policy, especially when regulatory tweaks are needed to influence monetary policy,” Cuyegkeng said.

Source: Manila Times May 09, 2017 17:15 UTC