KONTAN.CO.ID - MANILA. The Philippine central bank kept its key interest rate steady on Thursday, for the sixth straight meeting, with its next move likely to be a rate cut as it expects inflation to slow after a government order slashing tariffs on rice takes effect. The Bangko Sentral ng Pilipinas (BSP) kept the target reverse repurchase rate steady at 6.50%, and said it was on track to deliver its first 25-basis-point rate cut since November 2020 at its next meeting in August. Baca Juga: Philippines Tells China Words Must Match Actions in South China Sea
Philippine C.Bank Holds Rates Steady, Next Move Likely a Cut
KONTAN.CO.ID - MANILA. The Philippine central bank kept its key interest rate steady on Thursday, for the sixth straight meeting, with its next move likely to be a rate cut as it expects inflation to slow after a government order slashing tariffs on rice takes effect. The Bangko Sentral ng Pilipinas (BSP) kept the target reverse repurchase rate steady at 6.50%, and said it was on track to deliver its first 25-basis-point rate cut since November 2020 at its next meeting in August. Baca Juga: Philippines Tells China Words Must Match Actions in South China Sea