BSP stays cautious, sees policy tightening only if inflation broadens

MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank was adopting a wait-and-see stance amid the global energy shock, stressing that it would tighten policy only if supply-driven price pressures begin to feed into demand. In an interview with CNBC, Remolona said the Monetary Board chose to “err