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The Central Bank of the Philippines
The Philippine central bank kept its policy rate unchanged today (December 14) for the second consecutive meeting in a context of weaker inflation, but it did not rule out the possibility of further rate hikes.
The Central Bank of the Philippines’ (BSP) five-member monetary board decided to leave the target reverse repurchase (RRP) rate unchanged at 6.5%, the highest level since 2007. It also maintained the overnight deposit and lending rates at 6% and 7% respectively.
The decision came a day
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