BSP holds key rate at 4.25% in off-cycle meet amid Mideast risks

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept its benchmark interest rate steady at 4.25 percent on Thursday. The Monetary Board held an unscheduled policy meeting as the persisting conflict in the Middle East clouded the inflation outlook. READ: BSP warned vs ‘rash’ early interest rate hike The central bank had not been due to review monetary policy until April 23. In a statement, the BSP said the Iran war had driven global oil and fertilizer prices sharply higher. Supply disruptions are already filtering through to domestic fuel costs and transport fares.  READ: ‘No negotiations’ says Iran FM […]... Keep on reading: BSP holds key rate at 4.25% in off-cycle meet amid Mideast risks

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