BSP keeps interest rate at 6.5%
November 16, 2023
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) kept the overnight borrowing rate steady at 6.5 percent amid the slowdown in inflation in October and the stronger gross domestic product expansion in the third quarter. The BSP, however, remained hawkish, saying it might resume monetary policy tightening if needed to make sure inflation […]
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