BSP Holds Interest Rates Steady

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) held steady the country’s interest rates as it forecasts inflation to remain manageable and within the target for the next three years. It acknowledged that there might be a potential transitory impact resulting from the proposed tax reform program still pending in Congress, but assessed that social safety nets would mitigate the resulting inflationary pressures. The BSP also…

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