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PHILIPPINES' CENTRAL BANK KEEPS OVERNIGHT RATES UNCHANGED.
Publication: AsiaPulse News Publication Date: 22-OCT-04 |
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COPYRIGHT 2004 Asia Pulse Pty Ltd
MANILA, Oct 22 Asia Pulse - The policy-making body of the central bank on Thursday decided to keep the overnight borrowing and overnight lending rates unchanged in the absence of clear evidence of demand-side inflationary pressures.
In a press conference after the meeting of the Monetary Board, Bangko Sentral ng Pilipinas (BSP) governor Rafael Buenaventura said conditions for output and inflation continue to support the case for maintaining BSP's...
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