THE Bangko Sentral ng Pilipinas’ (BSP) monetary policy settings remain “appropriate,” based on economic developments in the last three months, Governor Benjamin Diokno said on Friday.

In a message read by BSP Deputy Governor Francisco Dakila Jr. at the central bank’s 2nd Quarter Inflation Report briefing, Diokno said that given developments in the second quarter, the Bangko Sentral “deemed it appropriate to reduce the policy rates by 25 basis points on May 9.…”

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