Philippine and Indonesian MPCs hold rates again
Analysts expect both banks to keep rates unchanged for several more meetings
The central banks of the Philippines and Indonesia both kept their benchmark interest rates unchanged on June 22.
The seven-member monetary board of the Central Bank of the Philippines (BSP) kept the overnight reverse repurchase rate at 6.25%. It also held the overnight deposit and lending rates at 5.75% and 6.75%.
The move, widely expected by analysts, came after the BSP stopped raising rates in May, after making nine consecutive rate increases totalling 425 basis points. The BSP also
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