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Philippines: BSP rates unmoved, inflation target hiked

MANILA, Philippines — Interest rates remained at record lows as the Bangko Sentral ng Pilipinas (BSP) continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession. BSP Governor Benjamin Diokno said in a virtual press conference the Monetary Board decided to maintain the interest rate on overnight reverse […]

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Thailand: Stores face stockpiling challenges

Stockpiling of essential goods at home appears to be on the rise as a result of the ongoing lockdown, curfew measures and daily reports of rising Covid-19 infections and death tolls. Operators of supermarkets, hypermarkets and cash & carry stores report shoppers buying large volumes of daily goods such as packed rice, cooking oil, instant […]

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