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Economy
1 MIN READ
Philippine c.bank keeps key rates unchanged, as expected
December 16, 2021
By Reuters
By Reuters
MANILA, Dec 16 (Reuters) – The Philippine central bank kept its policy rate at a record low on Thursday, maintaining support for the economy amid uncertainty over the fallout of the new Omicron coronavirus variant.
The Bangko Sentral ng Pilipinas kept the rate on the overnight reverse repurchase facility PHCBIR=ECI at a record low of 2.0%, as expected by all 22 economists in a Reuters poll. nL4N2SU2J5
(Reporting by Neil Jerome Morales, Karen Lema and Enrico Dela Cruz; Editing by Ana Nicolaci da Costa and Edmund Klamann)
This article originally appeared on reuters.com