Monetary Board holds fire; seen cutting rates in May

Mar 22, 2019 12:30 am

2019 inflation forecast trimmed to 3.0% from 3.1%, at midpoint of 2.0-4.0% target

MONETARY authorities on Thursday decided to keep key interest rates unchanged for the third time since December, noting that inflation is expected to settle within target this year and the next amid firm domestic activity.

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