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Philippine Central Bank Maintains Policy Rate Stable At 6.25%

Por: RTTNews Business August 17, 2023

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The Bangko Sentral Ng Pilipinas left its key rate unchanged for the third straight meeting on Thursday to allow for a moderation of inflation despite the growing risks to the outlook.The Monetary Board decided to maintain the interest rate on the overnight reverse repurchase facility at 6.25 percent, the BSP said.The previous rate change was a 25 basis point hike in March.Interest rates on the overnight deposit and lending facilities were kept... + full article



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