Philippine central bank holds rates at record low, signals no change anytime soon By Reuters
By Neil Jerome Morales and Karen Lema MANILA (Reuters) -The Philippine central bank left its key interest rate steady at a record low on Wednesday, as policymakers focus on supporting an economy which is showing signs of recovering after shrinking for five consecutive quarters. The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0% for a fourth consecutive meeting, as predicted by all 13 economists in a Reuters poll. The rates on the overnight deposit and lending facilities were also held steady at 1.5% and 2.5%, respectively. The BSP's...
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