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Philippine Central Bank keeps rate unchanged as economy shows signs of weakness

Philippine Central Bank keeps rate unchanged as economy shows signs of weakness

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The Philippines’ central bank left its benchmark interest rate unchanged despite a recent rise in inflation as the economy showed signs of weakness.

The Bangko Sentral ng Pilipinas announced Thursday that it will maintain its benchmark overnight repo rate at 6.25 percent and its corresponding lending rate at 6.75 percent.

Seven out of eight economists…

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Wj

Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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