Bloomberg The Philippine central bank left its benchmark interest rate at a record low as it forecast inflation will remain inside the target band this year and in 2019. Bangko Sentral ng Pilipinas held the overnight borrowing rate at 3 percent, it said in a statement in Manila, as predicted by 11 of 17 economists surveyed by Bloomberg. The rest …

Bloomberg Two regional Federal Reserve bank presidents said they favour raising interest rates twice more this year following a hike this week, but were open to shifting their views if the outlook warranted a different policy approach. “My forecast had three moves for this year,’’ Atlanta Fed President Raphael Bostic, who votes this year on monetary policy, told reporters after …

Bloomberg Qantas Airways Ltd. started direct flights between Australia and London this weekend, passing a major milestone by reducing to 17 hours a trip that once took much longer. Flight QF9, which originated in Melbourne, landed at London Heathrow at 5:02 am on Sunday following a 14,498-kilometre trip from Perth, according to the UK airport operator’s website. The route marks …