Philippines holds rates at unscheduled policy meeting
BSP is latest central bank to highlight inflationary risks from current geopolitical developments
The Central Bank of the Philippines (BSP) has decided to hold rates at 4.25% following an additional, unscheduled meeting of its monetary policy board on March 25.
The bank said in a statement that “fast-changing developments and uncertain economic conditions” had caused the board to meet early. The board had previously met on February 19 and had only been due to reconvene on April 23.
The BSP said its most recent projections indicated that inflation would exceed 4% this year, before moving back
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