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Philippine cbank to focus on accommodative policy to support growth, recovery

MANILA: The Philippine central bank will focus on keeping monetary policy stance supportive of domestic demand and economic recovery, its governor said on Thursday.

But critical near-term issue for the Philippines is the progress of the vaccine rollout, central bank Governor Benjamin Diokno told a regular news conference.

The central bank has kept interest rates steady at a record low for four consecutive meetings. Its next meeting is set on June 24.

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

Source: Reuters

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