Philippines: BSP keeps rates steady
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) yesterday kept its monetary policy unchanged, as expected, despite the growing upward pressure on inflation as well as the challenging global economic environment. BSP officer-in-charge Nestor Espenilla Jr. said the central bank’s Monetary Board had decided to maintain policy rates at 3.5 percent for the overnight […]
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