Philippines CB did not raise the key rate

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Central bank of the Philippines kept the main interest rate at the lowest level after the meeting on Thursday, as inflation the country is easing, while the economic growth is estimated to slower. The key rate was held at 3.5%, the lowest value for the seventh consecutive meeting. Consumer price index may reach 3% to 5% the next year, while the annual economic growth will stay at about 7%.
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