The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said on Monday that expectations inflation will fall below 4% before year-end is "a good reason to pause." The central bank, which had previously closely followed the U.S. Federal Reserve in hiking interest rates, is now charting a distinct course.
BENGALURU (Reuters) - The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found.
Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and for the rest of the year, as inflation eased in May and was expected to decline further, a Reuters poll of economists found.
The Indian rupee will trade in a tight range against the U.S. dollar over the next three months, close to its historic low, but any hawkish moves from the Federal Reserve on rates could send it sliding, a Reuters poll of analysts found.
The Reserve Bank of Australia (RBA) will hike its key interest rate once more by the end of September to 4.35% following a surprise hike on Tuesday and then hold policy for the rest of the year, according to economists in a snap Reuters poll.