Philippine central bank expects vol

Philippine central bank expects volatility in markets after 'Brexit' vote
MANILA (Philippine Daily Inquirer/ANN) – While it expects minimal effect of the Brexit on local markets, the Philippine Central Bank is wary of the volatility Britain’s exit from the European Union may cause.
The BangkoSentralngPilipinas (BSP, Central Bank of the Philippines) sees volatility in domestic markets after the United Kingdom made the so-called “Brexit” vote to leave the European Union.
“We can expect more volatility in domestic markets in the near term. Even as the direct Philippine exposure to the UK is relatively small, we will watch the impact on us via contagion from moves in the US dollar,” BSP Governor Amando M. Tetangco Jr. said in a text message.
“Medium term, we will look at developments, particularly how the rest of the EU will react to Brexit,” Tetangco added.
According to Tetangco, the BSP “is ready to provide liquidity to our market as needed.”
Still, monetary authorities “don’t see any need to change stance of monetary policy at the moment,” Tetangco said.
On Thursday, the Monetary Board kept key interest rates steady as the inflation environment “continues to be manageable,” although it brought down its inflation forecast for 2016 to 2 per cent from 2.1 per cent previously on a slower wage hike implemented in midyear.
With regard the peso, Tetangco noted that “while regional currencies are down, the peso remained in the middle of the pack.”
At the Philippine Dealing System, the peso hit an intraday high of 46.94:$1 or near the weaker 47:1:$1 level during the morning trade.
“As expected, the US dollar and Japanese yen benefited as safe haven currencies,” Tetangco said.

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Filippynse sentrale bank verwag wisselvalligheid in markte ná 'Brexit' Stem
MANILA (Philippine Daily Inquirer / ANN) - Terwyl dit verwag minimale effek van die Brexit op plaaslike markte, die Filippynse sentrale bank is versigtig vir die wisselvalligheid Brittanje se uitgang uit die Europese Unie kan veroorsaak. .
die BangkoSentralngPilipinas (BSP, Sentrale Bank van die Filippyne) sien wisselvalligheid in die binnelandse markte ná die Verenigde Koninkryk Made die sogenaamde "Brexit" Stem vir die Europese Unie te verlaat.
"Kan ons verwag dat meer wisselvalligheid in die binnelandse markte in die nabye toekoms. Selfs as die Filippynse Direkte blootstelling aan die Verenigde Koninkryk is relatief klein is, sal ons kyk na via besmetting van die impak op die Amerikaanse Dollar beweeg in die VSA, "het BSP Goewerneur Amando M. Tetangco Jr in 'n SMS-boodskap.
" Medium termyn, sal ons. kyk na Developments, veral hoe die res van die EU sal reageer op Brexit, "Tetangco bygevoeg.
Volgens Tetangco, die BSP" is gereed om te lewer aan ons mark likiditeit as dit nodig is. "
Tog, monetêre owerhede" sien nie nodig om enige. om monetêre beleid te verander op die oomblik, "het Tetangco.
op Donderdag, die monetêre Raad gehou Sleutel rentekoerse bestendig as die inflasie-omgewing" bly hanteerbaar te wees, "Hoewel dit afgebring SY inflasievooruitskatting vir 2016 tot 2 persent van. 2.1 persent voorheen op 'n stadiger loon verhoging in Halfjaar geïmplementeer.
ten opsigte van die peso, Tetangco opgemerk dat "terwyl plaaslike geldeenhede is af, die peso het in die middel van die pak."
op die Filippynse Hantering System, die peso getref 'n Intraday. hoë van 46,94: $ 1 of steeds swakker naby die 47: 1:. $ 1 vlak in die oggend handel
"soos verwag, het die Amerikaanse dollar en Japannese jen baat gevind so veilig Haven geldeenhede," sê Tetangco.