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November 28, 2023

CIMB Bank aims to reach 500K virtual debit card users by year-end

CIMB Bank Philippines sets a target of half a million sign-ups for its Virtual Debit Card, aiming to accelerate digital payment adoption and financial inclusion, in alignment with the central bank’s efforts to transform the payment landscape and bring more Filipinos into the formal financial system.

Monetary Board maintains interest rates

The Bangko Sentral ng Pilipinas (BSP) keeps key interest rates unchanged as it anticipates a gradual return of inflation to the target range, while the Monetary Board trims inflation forecasts and remains prepared to resume tightening policies if needed.