Philippine central bank says rates could be on hold for rest of year

MANILA – Philippine central bank Governor Eli Remolona said on Friday it was possible for policymakers to keep the key policy rate steady for the rest of the year if the inflation and growth outlook remained the same.

“If the data for the outlook stays the same, then we’ll hold for the rest of the year,” Remolona said in an interview with Bloomberg TV.

The central bank cut interest rates by 25 basis points at a policy review on Thursday. — Reuters