March 22, 2018 / 8:13 AM / 9 months ago

Philippine c.bank holds key rate at 3.0 pct

MANILA, March 22 (Reuters) - The Philippine central bank kept its benchmark interest rate steady at 3.0 percent on Thursday, as expected, and said inflation expectations had started to rise.

In a Reuters poll, seven of 11 institutions had expected the Bangko Sentral ng Pilipinas to keep the rate steady, while four had predicted a rate hike of 25 basis points. (Reporting by Enrico dela Cruz and Neil Jerome Morales; Editing by Himani Sarkar)

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