MANILA, Oct 18 (Reuters) – The Philippine central bank sees no need to adjust policy rates until the end of the year with a rise in inflation likely to be transitory, its governor said on Monday.
“It would appear there won’t be any policy rate adjustments between now and the end of the year,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno told ANC news channel.
The central bank, which will hold rate setting meetings in November and December, has kept interest rates PHCBIR=ECI steady at a record low of 2.0% in its last seven meetings to support the economy. nL4N2RD017
(Reporting by Neil Jerome Morales; Editing by Kim Coghill)
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This article originally appeared on reuters.com