Economy 1 MIN READ

Philippine holds rates steady, as expected

February 17, 2022By 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)


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