Bangko Sentral ng Pilipinas

December 17, 2015

The Filipino overnight borrowing rate has been at 4.0% since hikes of 25 basis points each in July and September of 2014 and will remain at that level after the latest policy review.  A released statement opines that sub-target current CPI inflation will gradually climb back into the 2-4% designated range during 2016, and observes that expected inflation remains firmly anchored according to key measures.  Officials believe that the 4% borrowing rate and 6% lending rate remain appropriate.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express  permission. 

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