MANILA, Oct 1 (Reuters) - The Philippine central bank said on Thursday that its current monetary policy was appropriate and that inflation continued to be within target over the policy horizon.
"Domestic real sector activity has started to show further signs of recovery even as some soft spots remain, such as still weak investment and labour market conditions, while domestic financial market conditions have improved," it said in a statement.
The bank also said that the global economic recovery was expected to be slow. Therefore "caution needs to be exercised in assessing the sustainability of domestic demand". (Reporting by Karen Lema and Manolo Serapio Jr.)