Monetary Board likely to keep rates unchanged

Aug 14, 2023 12:40 am

KEY interest rates will likely stay unchanged this Thursday with economic growth having fallen further than expected in the second quarter, analysts said.

Despite renewed inflation risks and pressure on the peso, analysts polled by the Manila Times said the Bangko Sentral ng Pilipinas' (BSP) policymaking Monetary Board could continue pausing for a third straight meeting.

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