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Philippines to Stand Pat on Rate as Weak Peso Limits Options

(Bloomberg) -- The 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.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Pr...
Lavanya Venkateswaran Tomoko Sato Eli Remolona Ditas Lopez Bloomberg Businessweek Ralph Recto
Source: yahoo.com

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