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The Philippine cbank says Reuters can follow an easy policy to sustain growth

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© Reuters. PHOTO PHOTO: A logo is seen in Bangkok Sentral ng Pilipinas (Central Bank of the Philippines) on the main building in Manila (Philippines) on March 23, 2016. REUTERS / Romeo Ranoco

MANILA (Reuters) – The Philippine central bank can continue with its proper policy, even if the economy expects to exceed the government’s growth target this year, its governor said on Sunday.

Governor Benjamin Diokno Bangko Sentral ng Pilipinas (BSP) said the 5% to 6% growth this year, above the government’s target of 4% to 5%, is “achievable”.

“The BSP can remain patient and can continue with the right stance on its monetary policy in light of current internal, external and financial developments,” Diokno told reporters ahead of the Nov. 18 policy meeting.

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