also kept its overnight deposit facility rate at 5.00% and its lending facility rate at 6.50%. (DJN) The Philippine central bank left its benchmark interest rate unchanged despite a recent rise in inflation, as the economy showed signs of weakness. The Bangko Sentral ng Pilipinas said it will maintain its benchmark overnight reverse repurchase rate at 6.25% and its corresponding lending rate at 6.75%. Seven out of eight economists polled by The Wall Street Journal had projected the central bank to hold its policy rate steady. One expected a 25-basis-point increase. (DJN) Taiwan's central bank kept interest rates unchanged, keeping its benchmark discount rate at 1.875%. The Central Bank of the Republic of China (Taiwan) said also kept the secured loan rate unchanged at 2.250% and maintained the unsecured loan rate at 4.125%. The central bank attributed its decision to cooling domestic inflation and global economic uncertainties amid tightening policies. Inflation is expected to cool to under 2% next year, it said. (DJN) Feedback Loop

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

09-21-23 0725ET