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The BSP keeps inflation low and stable through the conduct of monetary policy, which consists of decisions about the money supply and the cost of borrowing money to influence demand for goods and services. The BSP has monetary policy tools that are used to influence the money supply and the cost of borrowing money. The primary tool is the BSP’s policy rate, the key interest rate of the BSP, which signals its monetary policy stance. The decision on the monetary policy stance considers the inflati
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