FSCC ASSESSES CURRENT GLOBAL MARKET CONDITIONS AS IT HIGHLIGHTS DOMESTIC STRENGTH
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In its recent Financial Stability Coordination Council (FSCC) Executive Committee (ExeComm) meeting, FSCC Chairman and Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla highlighted the strong economic momentum of the Philippines despite challenges from the global environment. He, however, noted that the country should continue to be cognizant of the effects of supply bottlenecks, high inflation, and heightened policy rates on the economy.
The Council remains focused on possible systemic risks arising from the challenging global market. It continues to assess and address the needs of the Filipino public, taking a pre-emptive view in managing financial market risks.
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