Bangko Sentral ng Pilipinas

March 23, 2016

Filipino central bank policy settings — a 4.0% overnight borrowing rate, a 6% overnight lending rate, and existing reserve requirement ratios — were left unchanged as expected.  The last changes in the key interest rates were hikes of 25 basis points each in July and September 2014.  A statement released today projects in-target inflation (2-4%) in 2016-17, observing anchored expected inflation, slightly downward skewed inflation risks, and buoyant growth prospects, albeit with accompanying uncertainties. 

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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