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Philippine Central Bank Halts Rate Hike

Por: RTTNews Business May 18, 2023

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The Philippine central bank paused its monetary policy tightening on Thursday after ten consecutive rate hikes and signaled that rates will remain at the current levels in the near term. The Monetary Board of the Bangko Sentral ng Pilipinas kept the interest rate on the overnight reverse repurchase facility at 6.25 percent. The interest rates on the overnight deposit and lending facilities were retained at 5.75 percent and 6.75 percent,... + full article



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