The Bangko Sentral will likely proceed with its plan to exit stimulus policies by withdrawing measures introduced to boost money supply during the global financial crisis, Assistant Governor Cyd Amador said.
“We think there’s momentum to exit,” Amador said in an interview. Authorities were reviewing the size, pricing and structure of the so-called “rediscounting facility,” which allows lenders to tap central bank funds using loans they’ve extended as collateral, she said.
Low interest rates in the US and Europe and faster economic growth in Asia are spurring capital flows into the region’s economies, prompting policy makers from China to India to start curbing excess money supply.
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