Philippines Holds Key Rate at 17-Year High as Price Risks Linger

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The Philippine central bank kept its benchmark interest rate unchanged at a 17-year high to shore up the peso and check inflation.

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Philippines to Stand Pat on Key Rate as Weak Peso Limits OptionsThe Philippine central bank is set to maintain its benchmark interest rate at a 17-year high on Thursday, as weakness in the local currency and stubborn inflation keep policymakers from pivoting to easing yet.
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