In a ‘prudent’ move, BSP keeps key rate at 6.5%

MANILA, Philippines  — The Bangko Sentral ng Pilipinas (BSP) has kept its ultratight monetary policy settings, a widely expected decision that monetary authorities deemed to be a “prudent” move amid persistent risks to its inflation outlook. At its first policy meeting this year on Wednesday, the Monetary Board (MB) left the target reverse repurchase rate untouched
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