Philippines holds rate steady ahead of U.S. Fed decision

09/12/2013 | Business World (Philippines)

The Philippine central bank held its key interest rate steady as it awaits further word from the U.S. on Federal Reserve tapering. Citing inflation that remains within the bank's target range, bank Governor Amando M. Tetangco Jr. said that "steady policy settings will also allow policymakers to better assess evolving economic risks, given the current volatilities in global financial markets."

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