The Philippine central bank decided to keep its key interest rate at a record low on Wednesday, after official data showed that the economy continued to contract at the start of the year. The Monetary Board of the Bangko Sentral Ng Pilipinas decided to hold the key interest rate, which is the overnight reverse repurchase facility rate, steady at 2.00 percent.The interest rates on the overnight dep...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.