BORACAY, Philippines Nov 18 (Reuters) – The Philippine central bank left its benchmark interest rate unchanged at a record low for an eighth consecutive policy meeting on Thursday, citing manageable inflation and the need to maintain support for the domestic economy’s recovery.
The Bangko Sentral ng Pilipinas kept the rate on the overnight reverse repurchase facility PHCBIR=ECI at 2.0%, as expected by all 19 economists surveyed by Reuters. nL4N2S218T
(Reporting by Neil Jerome Morales, Karen Lema and Enrico Dela Cruz; Editing by Jacqueline Wong)
This article originally appeared on reuters.com