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BSP keeps policy rate unchanged, as expected

By Inquirer - 9 months ago
MANILA, Philippines  —The Bangko Sentral ng Pilipinas (BSP) has kept its tight monetary policy settings, a widely expected decision as monetary authorities wait for a more sustained downtrend of inflation. At its first policy meeting this year on Wednesday, the Monetary Board left its key rate untouched at 6.5 percent, a 16-year high. The BSP

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