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Philippines to keep rates on hold with lenders well placed to handle COVID-19 – S&P Global

The Philippine banking sector is well placed to handle the fallout from the COVID-19 pandemic even, with an expected uptick in nonperforming loans, Bangko Sentral ng Pilipinas Governor Benjamin Diokno told S&P Global Market Intelligence.

  1. Philippines to keep rates on hold with lenders well placed to handle COVID-19