Wednesday, 30 October 2013

Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results: Expect 'risk on' sentiment in wake of US Fed move – BSP's Tetangco

Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results
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Expect 'risk on' sentiment in wake of US Fed move – BSP's Tetangco
Oct 31st 2013, 04:17

Investors are likely to go for more risky assets in the wake of the US Federal Reserve's move overnight maintain its massive bond-buying stimulus as a way of nursing the world's biggest economy to recovery, Bangko Sentral ng Pilipinas said Thursday. "The BSP will be watching market conduct closely for excessive volatilities in financial asset prices and will maintain presence in the markets as appropriate," Bangko Sentral Governor Amando Tetangco Jr. noted in a text message to reporters. The Fed has held interest rates near zero since late 2008 and has quadrupled the size of its balance sheet to more than $3.7 trillion through three rounds of bond buying. In the meantime, we can expect 'risk on' behavior in emerging markets," Tetangco's text message read.

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