- Bangko Sentral ng Pilipinas says it shall adopt a “quiet period” before each scheduled monetary policy meeting, when the release of information related to current or prospective monetary policy issues and decisions is limited.
- A quiet period shall be observed seven calendar days before the scheduled monetary policy meeting until the announcement of the monetary policy decision to the public, BSP says in an
advisory posted on its website - The governor may speak about current monetary policy issues or prospective monetary policy decisions during the quiet period, with Monetary Board’s majority approval
- Unless designated or authorized by the governor, other Monetary Board members and senior BSP officials may not talk about monetary policy during the quiet period
- Move seeks to enable inflation-targeting BSP “to project a single voice to the public when communicating the intention and direction of monetary policy”