Asian central banks hold rates

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The central banks of the Philippines, Indonesia, Taiwan and Hong Kong kept their benchmark interest rates steady today (September 21), following the Federal Reserve’s decision to keep its policy rate unchanged at 5.25–5.5%.

Philippines: The Central Bank of the Philippines (BSP) kept its benchmark interest rates unchanged for the fourth straight meeting, though governor Eli Remolona warned that inflation could rise further.

The BSP’s six-member monetary board kept the target reverse repurchase

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