BSP chief: Rates can stay steady

Aug 06, 2024 12:28 am

MONETARY authorities can keep key interest rates steady 'for the time being,' Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Monday, with a cut likely should inflation fall further.

'Evolving inflation conditions show that the BSP can hold its policy settings steady for the time being,' Remolona told legislators during a budget hearing.

Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. Photo from BSP

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