Philippines’ central bank policy not tied to Fed decisions, says governor

FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco

MANILA (Reuters) — The Philippine central bank’s monetary policy actions are not tied to the decisions of the United States’ Federal Reserve, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said on Monday.

The U.S. Fed meets on June 14 to 15, with most economists expecting a 50 basis point rate hike. The Philippines has signalled another rate increase for its June 23 policy meeting.


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