Macroprudential Policy Framework News Today

As outlined in our previous advisory ‘Central Bank’s property fund proposals’, the Central Bank of Ireland (the “Central Bank”) has recently been consulting on two key proposals: ...

BSP Governor Benjamin Diokno MANILA - The Bangko Sentral ng Pilipinas (BSP) does not need to mirror the Federal Reserve's decision to hike its key rates, and its policy decision remains data-driven and anchored on domestic developments. "I would like to reiterate that the BSP calibrates its monetary policy settings in response to external developments only to the extent that it will influence the outlook for growth and inflation," BSP Governor Benjamin Diokno said in a virtual brie...