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Philippines: BSP keeps rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept interest rates at record lows as expected yesterday as the economy’s recovery continues to gain traction amid improved mobility due to the calibrated relaxation of quarantine measures. BSP Governor Benjamin Diokno said the policy-setting Monetary Board, holding its first in-person meeting since the virus outbreak […]

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Thailand: UTCC puts 2021 growth at 1.5%

The economy is expected to grow by 1.5% this year boosted by the easing of Covid restriction measures and the country’s reopening, and 4.2% next year, according to the latest forecast by the University of the Thai Chamber of Commerce (UTCC). UTCC president Thanavath Phonvichai said on Thursday the country’s reopening is believed to help draw […]

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