MANILA May 19 The Philippine central bank is
not planning to impose more macro-prudential measures after it
raised banks' reserve requirements by a total of two percentage
points at its last two policy meetings, its governor said on
Amando Tetangco also said monetary authorities preferred
"early measured actions" to address emerging external and
domestic risks. He added the central bank will soon conduct
stress tests for banks to better gauge their exposure to the
growing real estate market.
"We will have to continue to monitor the situation. At this
point in time, there are no plans. But we'll see," Tetangco said
when asked by reporters if there were plans to deploy more
The central bank kept its benchmark rate steady at a record
low of 3.5 percent at its May 8 meeting but raised banks'
reserve requirements for the second straight meeting on concerns
that persistently high liquidity could stoke inflation.
(Reporting by Siegfrid Alegado; Editing by Jacqueline Wong)