Saturday 21 April 2018
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30 days ago

BSP keeps finger off anti-inflation trigger despite rising PH prices

The Philippines will continue to enjoy an extended period of relatively low borrowing costs --- for now --- after the central bank on Thursday decided to keep its key interest rate unchanged, despite rising prices of goods and services across the economy over the last few months. At its meeting, the Bangko Sentral ng Pilipinas Monetary Board decided to maintain its overnight borrowing rate steady at 3 percent. The corresponding interest rates on the overnight lending and deposit facilities were also

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