BSP keeps policy rate steady at 6.50%

MANILA — The Philippine central bank kept rates steady at 6.50% for a sixth straight meeting on Thursday, its governor said.

All 25 economists in a Reuters poll had expected the Bangko Sentral ng Pilipinas (BSP) to keep its target reverse repurchase rate PHCBIR=ECI unchanged.

—Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair