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The Central Bank of the Philippines (BSP) kept its benchmark interest rates unchanged today (February 15) for the third consecutive meeting.
Its seven-member monetary board decided to maintain its target reverse repurchase rate at 6.5%. The bank also held the overnight deposit and lending rates at 6% and 7% respectively.
In a statement, the BSP said: “The risks to the inflation outlook have receded but remain tilted toward the upside.”
Considering the prevailing risks, the board deemed it
