BSP holds interest rate in surprise off-cycle meeting

MANILA — The Philippine central bank decided to keep its policy rate at 4.25% during a surprise off-cycle meeting on Thursday and said its monetary policy would focus on second-round effects from global oil price shocks. Governor Eli Remolona said the off-cycle meeting was required because close attention needed to be paid to a fast-changing and uncertain economic environment, which he described as “a very unusual situation”. […] The post BSP holds interest rate in surprise off-cycle meeting appeared first on Interaksyon.