Philippine Central Bank Keeps Key Rate Steady in Surprise Pause
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The Philippine central bank unexpectedly kept the benchmark interest rate unchanged on Thursday, pausing a nascent easing cycle even after economic growth missed target and as inflation stayed within target.
The Bangko Sentral ng Pilipinas maintained its target reverse repurchase rate at 5.75% on Thursday, a move seen by only one of 29 economists in a Bloomberg News survey.
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