Global shares rose for a ninth day running on Thursday, just off record highs, as investors digested recent gains, while bulls were sustained by the promise of more free money after a benign U.S. inflation report and a dovish Federal Reserve outlook.
Mexico's central bank on Thursday cut its benchmark interest rate for the first time since September, flagging uncertainty over the economic outlook and global efforts to tackle the COVID-19 pandemic.
The members of Italy's anti-establishment 5-Star Movement showed "courage" and a pro-European stance by voting to back Mario Draghi's efforts to form a government, Luigi Di Maio, foreign minister and top 5-Star politician said.
BSP keeps RRP rate at record-low 2.0% BSP says risks to inflation ‘broadly balanced’ BSP sees 2021 inflation at 4%, cuts 2022 forecast
MANILA, Feb 11 (Reuters) - The Philippine central bank kept its monetary policy settings steady on Thursday to support the country’s pandemic-hit economy, saying inflation is expected to remain elevated but manageable in the coming months.
The Bangko Sentral ng Pilipinas (BSP) kept its overnight reverse repurchase facility rate at a record low of 2.0%, in line with market expectations.
The rates on the overnight deposit and lending facilities were likewise kept at 1.5% and 2.5%, respectively.
The risks to the inflation outlook appear to be “broadly balanced”, BSP Governor Benjamin Diokno said.