FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco
MANILA : The Philippine central bank was not considering another off-cycle policy action at a regular meeting of its policymaking Monetary Board on Thursday, Governor Felipe Medalla told Reuters.
When asked if the Bangko Sentral ng Pilipinas (BSP) was considering any policy action, Medalla replied “no” via a phone message. The BSP raised key interest rates by a hefty 75 basis points a week ago, making a surprise, more forceful move to curb inflation.
Source: Reuters