MANILA: Philippine interest rates will likely remain on hold at least through the first half of 2021 as the economy recovers, according to central bank governor Benjamin Diokno.(pic)
MANILA: Philippine interest rates will likely remain on hold at least through the first half of 2021 as the economy recovers, according to central bank governor Benjamin Diokno.(pic)
“There will be a long pause as far as cutting is concerned. We’re comfortable where we are right now, ” Diokno said in a virtual roundtable with Bloomberg News. Asked if a rate cut through the first half of the year is no longer in play, Diokno replied,
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
