Economy 1 MIN READ

Philippine in no rush to tighten rates, says governor

February 9, 2022By Reuters

The Philippines central bank is not in a rush to tighten monetary policy at this point, Governor Benjamin Diokno said on Wednesday.

Monetary authorities will meet for the first time this year to set policy rates on Feb. 17. The central bank has kept its key rate PHCBIR=ECI at a record low of 2.0% since November 2020.

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

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