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Economy
1 MIN READ
Philippine c.bank holds rates steady, as expected
February 17, 2022
By Reuters
By Reuters
MANILA, Feb 17 (Reuters) – The Philippine central bank left its key interest rate steady at a record low on Thursday, saying manageable inflation allows it to maintain policy support while the domestic economy’s recovery remains fragile.
The Bangko Sentral ng Pilipinas kept the rate on the overnight reverse repurchase facility PHCBIR=ECI at 2.0%, as expected by all 21 economists in a Reuters poll. nL4N2UM2NI
(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Martin Petty)
This article originally appeared on reuters.com