The Central Bank of the Philippines has decided not to change its monetary policy, despite growing concerns over inflation.
The decision to maintain the overnight reverse-repurchase rate at 3% was widely expected by analysts. But the consensus is for the BSP to hike at least twice this year – possibly as early as March – to tackle surging inflation.
In a statement published today (February 8), the BSP explained the steady policy decision is based on its assessment that inflation will retreat t
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