Yahoo! Philippines News - Live 2013 Philippine Elections News Updates and Results: Healthy foreign reserves give Bangko Sentral elbow room to cushion market volatility

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Healthy foreign reserves give Bangko Sentral elbow room to cushion market volatility Jun 24th 2013, 04:47 An exodus of foreign funds from Philippine assests is currently devastating Philippine markets, spurred by the latest policy stance of the US Federal Reserve to taper off its bond-buying stimulus as the world's largest economy improves and recovers from recession.

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