MANILA, Philippines — Monetary policy is nearing its limits, a reality that should serve as a wake-up call to Malacañang and Congress to do the heavier lifting to revive an economy reeling from a graft-induced confidence shock, New York–based think tank GlobalSource Partners said. In a commentary, Diwa Guinigundo, an analyst at GlobalSource, said economic momentum has yet to respond decisively to the back-to-back rate cuts in the past months, underscoring how monetary policy “cannot compel risk-taking or override structural constraints.” “As we are seeing today, monetary policy could just be pushing on a string,” said Guinigundo, a former deputy governor […]... Keep on reading: GlobalSource: Interest rate cuts not enough to revive Philippine growth