The Philippine central bank decided on Thursday to keep its key interest rates unchanged, but adjusted downward its inflation forecast for 2015.

The Bangko Sentral ng Pilipinas (BSP) now projects inflation for full-year 2015 at 2.1 percent, down from a previous forecast of 2.3 percent. For 2016, the forecast was revised to 2.5 percent from 2.6 percent.

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