Philippine Central Bank Holds Rates Steady, Sees Downside Risks to Inflation
The Philippine central bank kept its benchmark interest rate unchanged at 6.50% on Thursday, citing easing inflation pressures and downside risks to the outlook following recent policy measures to lower rice prices. The Bangko Sentral ng Pilipinas (BSP) maintained the overnight deposit facility rate at 6.00% and the overnight lending rate at 7.00%, as widely … Read more