Rates on hold; tightening still likely

Nov 17, 2023 12:36 am

KEY interest rates went unchanged on Thursday as expected but monetary authorities said further tightening could be ordered to anchor inflation expectations.

Following an unscheduled 25-basis-point (bps) increase last month, the Monetary Board decided to keep the Bangko Sentral ng Pilipinas' (BSP) policy rate at 6.50 percent.

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