Recto: BSP likely to keep rate at 6.5%

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6 months ago

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) would likely keep its ultra-tight monetary policy settings unchanged today as inflation is expected to remain “sticky,” Finance Secretary Ralph Recto said. Recto, who represents the Cabinet of President Marcos in the seven-member Monetary Board (MB), told reporters that it was not yet time to slash

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