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PHILIPPINE STAR/ MICHAEL VARCASINFLATION likely remained unchanged for a third straight month in May, as food prices generally stabilized amid the lockdown in the Philippine capital and nearby provinces, economists said.
BusinessWorld May 10, 2021 | 12:33 am Reporter THE CENTRAL BANK is widely expected to keep policy unchanged when it announces its decision this week, amid uncertainty over the pandemic and its impact on economic recovery, a BusinessWorld poll of analysts showed. A BusinessWorld poll held last week showed 15 out of 17 analysts are of the view that the Bangko Sentral ng Pilipinas (BSP) will maintain its overnight reverse repurchase rate or the key policy rate at a record low of 2%. Analysts said the scope for interest rate adjustment is limited as inflation continued to excee...