Philippines Takes ‘Prudent Pause’ on Rates as Growth Revives

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The Philippines central bank kept its key interest rate unchanged to give previous cuts time to take effect, but said it could lower rates next year if inflation remains muted. The decision to keep rates steady at 4% — predicted by all 19 economists surveyed by Bloomberg — comes after economic growth rebounded to 6.2% in the third quarter from a four-year low of 5.5% in the three months through June. The bank will now take a …read more

Source:: Yahoo Finance

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