Philippine Central Bank Governor Remolona says we are seeing signs of recovery and that inflation is under control, adds watching consumer confidence closely

Philippine Central Bank Governor Remolona says we are seeing signs of recovery and that inflation is under control, adds watching consumer confidence closely.

Governor Remolona's remarks suggest a cautiously optimistic outlook for the Philippines, indicating that the central bank may maintain its current policy stance if inflation is indeed under control and recovery signs are visible. However, the emphasis on monitoring consumer confidence could imply a readiness to adjust policies if that confidence does not solidify, impacting fixed income sentiment and overall market direction.