Local output helps keep BSP rates

By Philippine News Agency

Sep 17, 2023 12:15 am

DOMESTIC economic challenges were among the factors that Philippine monetary authorities looked into during their policy meeting on August 17, wherein they decided to keep key rates steady.

Based on the minutes of the meeting released by the Bangko Sentral ng Pilipinas (BSP) on Thursday, the policymaking Monetary Board considered it appropriate to maintain the key rates amid the rise in the projected path of inflation rate relative to past assessments.

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