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MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) kept its key interest rate unchanged on Thursday, with policy makers preferring to retain a cautious stance despite acknowledging that inflation pressures have eased in recent weeks. IBSP keeps cautious monetary policy stance despite easing inflation
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) kept its key interest rate unchanged on Thursday, with policy makers preferring to retain a cautious stance despite acknowledging that inflation pressures have eased in recent weeks. In a press briefing after his first rate setting meeting, BSP Governor Benjamin Diokno said the Monetary Board's decision to keep its overnight reverse repurchase facility unchanged at 4.75 percent was based on the assessment that «prevailing monetary policy settings remain appropriate.» "Latest baseline inflation forecasts show inflation settling within the target range of 3 percent, plus or minus 1 percentage point for b...Keep on reading: BSP keeps cautious monetary policy stance despite easing inflation Read more