Philippines central bank expected to keep rates at record low to support economy


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MANILA, May 10 (Reuters): The Philippine central bank is expected to keep its benchmark interest rate at a record low on Thursday (May 13), after the economy likely contracted for a fifth straight quarter in the January to March period, a Reuters poll showed.

All 13 economists surveyed predicted the Bangko Sentral ng Pilipinas (BSP) will keep the rate on its overnight reverse repurchase facility at 2.0% for a fourth straight meeting.

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