BSP keeps policy rate steady at 6.50%

June 27, 2024 - 3:18 PM
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(Photo from BusinessWorld)

 The Philippine central bank kept rates steady at 6.50% for a sixth straight meeting on Thursday, its governor said.

All 25 economists in a Reuters poll had expected the Bangko Sentral ng Pilipinas (BSP) to keep its target reverse repurchase rate PHCBIR=ECI unchanged.

—Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair