Philippines Keeps Key Rate Unchanged as Inflation Nears Target

(Bloomberg) -- The Philippines central bank left its benchmark interest rate unchanged for a second straight policy meeting after inflation eased further and economic growth slowed.

The overnight reverse repurchase rate was held at 4.75 percent, Bangko Sentral ng Pilipinas said in a statement in Manila on Thursday. The decision was in line with the forecasts of all 22 economists surveyed by Bloomberg.

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