Philippine central bank keeps rates on hold, as expected

24-Sep-2021 Intellasia | Reuters | 5:02 AM Print This Post

The Philippine central bank left its benchmark interest rate at a record low for a seventh consecutive policy meeting on Thursday, saying recent COVID-19 restrictions could hamper the domestic economy’s recovery.

The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0%, as expected by 17 of 18 economists surveyed by Reuters.

https://www.reuters.com/article/philippines-economy-rates/philippine-c-bank-keeps-rates-on-hold-as-expected-idUSP9N2PC010

 

Category: Philippines

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