Philippine c.bank keeps rates on hold, as expected

  • 9/23/2021
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MANILA, Sept 23 (Reuters) - The Philippine central bank left its benchmark interest rate at a record low for a seventh consecutive policy meeting on Thursday, saying recent COVID-19 restrictions could hamper the domestic economy’s recovery. The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0%, as expected by 17 of 18 economists surveyed by Reuters.

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