Bangko Sentral likely to keep rates unchanged—Moody’s unit READ MORE:
Moody’s Analytics which operates independently of Moody’s Investors Service said the central banks in the Philippines and Indonesia were expected to keep interest rates on hold due to lower inflation in the past months.
“Inflation began cooling more recently in the Philippines. After peaking at 8.7 percent year-on-year in January, inflation there eased to 6.1 percent in May,” Moody’s Analytics said. Hongkong and Shanghai Banking Corp. said in a previous report the Bangko Sentral ng Pilipinas might not be inclined to tweak its policy stance this week on continued robust economy coupled with the slowdown in inflation rate.
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