Philippine central bank keeps policy rate steady at 6.50%

A growing number of Federal Reserve officials don’t see a return to the ultra-low interest rates that prevailed before the COVID-19 pandemic due to everything from ballooning federal deficits to demand for investments in green energy, artificial intelligence and domestic manufacturing.

Some of Canada’s biggest banks have for the first time said their green financing efforts may not necessarily curtail emissions growth, after years of pressure from activists to improve transparency in their climate goals.

MANILA: The Philippine central bank will allow the market to determine the foreign exchange rate but it will intervene when necessary to smoothen volatility, its governor said on Tuesday.