Philippines held rates steady to hedge against uncertainty, cenbank governor says in CNBC interview
The Philippine central bank's decision to keep its key policy rate steady was its way of hedging against global uncertainties, its governor said on Friday. The Bangko Sentral ng Pilipinas unexpectedly kept its key interest rate steady on Thursday,
Philippines' BSP Holds Rates Steady, Signals 50bps Cut Amid Global Uncertainty
The Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged, citing global uncertainties, with Governor Eli Remolona hinting at possible 50 basis point cuts in 2025. The unexpected decision reflects concerns
Philippine Central Bank Unexpectedly Holds Rates as Uncertainty Rises
The Philippine central surprised markets by keeping its policy rate on hold, pausing its easing cycle and signaling increased caution as macroeconomic risks mount.
Philippine central bank governor explains why it held rates steady
Eli Remolona, governor of Bangko Sentral ng Pilipinas, attributes the decision to uncertainty. Nearly three decades after her death, never-heard-before music from Jazz legend Ella Fitzgerald has surfaced. The recording was recently discovered in the private tape collection of the founder of Verve Records.
Philippines held rates steady to hedge against uncertainty, cenbank governor says
The Philippine central bank's decision to keep its key policy rate steady was its way of hedging against global uncertainties, its governor said on Friday.
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