Monetary Policy in The Philippines

December 11, 2014

The Filipino overnight central bank borrowing rate had been hiked by 25 basis points each this past July and September.  These were the first tightenings since May 2011, and there have not been any subsequent increases, including at today’s final scheduled policy meeting of 2014.  A brief statement today from Bangko Sentral ng Pilipinas says that December’s rate decision is “based on its assessment that the inflation environment continues to be more manageable, with the risks to the inflation outlook remaining broadly balanced over the policy horizon.”  Projected inflation and estimated expected inflation have been revised somewhat lower.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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