BSP keeps rates steady
MANILA - The Philippine central bank held its benchmark rate at a record low of 3.5 percent for an eighth meeting in a row, as expected, with inflation manageable and the economy on a solid footing.
It also left the rate on its short-term special deposit account (SDA) facility unchanged at 2.0 percent.
The policy-making Monetary Board holds a rate-setting meeting every six weeks. It will meet for the last time this year on Dec. 12.