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Philippines: No change in policy rates — BSP

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to leave benchmark rates unchanged but vowed to keep a watchful eye on inflation. BSP Governor Nestor Espenilla Jr. said in a press conference the Monetary Board kept the interest rate on the central bank’s overnight reverse repurchase facility at three percent as well […]

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Philippines is lone rate hike candidate in region

MANILA: With Indonesia and Vietnam cutting interest rates in the past two months and Thailand fending off pressure to do the same, the Philippines is emerging as the region’s lone candidate for a rate increase this year. While all economists surveyed by Bloomberg predict Bangko Sentral ng Pilipinas will hold its benchmark rate at a […]

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