Philippine central bank maintains 6.5% target rate amid rice inflation and falling peso.
The Philippine central bank (BSP) is expected to maintain its target rate at 6.5% amid rising rice inflation and a falling peso. The BSP may avoid immediate rate cuts until there is a more convincing decline in inflation, and will continue to monitor domestic factors and global economic developments. Economists predict the Philippines could start cutting policy rates in the next quarter.
April 07, 2024
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