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The Philippine central bank has decided to maintain the interest rate on its overnight reverse repurchase facility at 6.25 per cent, and those on the overnight deposit and lending facilities at 5.75 per cent and 6.75 per cent respectively. The impact of a weaker-than-expected global economic recovery is the primary downside risk to the outlook, it noted. The 100, Australia

Philippine BSP projections suggest gradual return of inflation to 2.4%

The Philippine central bank has decided to maintain the interest rate on its overnight reverse repurchase facility at 6.25 per cent, and those on the overnight deposit and lending facilities at 5.75 per cent and 6.75 per cent respectively. The impact of a weaker-than-expected global economic recovery is the primary downside risk to the outlook, it noted.

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