Philippines: BSP signals to stay put on policy in ‘next few quarters’
MANILA, Philippines — Despite fresh data showing the economy sank into recession last quarter, there is no pressure on the Bangko Sentral ng Pilpinas (BSP) to further deploy monetary stimulus to assist on recovery from the pandemic. Ahead of the central bank’s policy meeting on Aug. 20, BSP Governor Benjamin Diokno signaled monetary authorities are […]
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