Bangko Sentral ng Pilipinas
November 10, 2016
Filipino monetary officials decided to keep the 3.0% reverse repo rate unchanged after reviewing their stance. There hasn’t been a rate change since two closely spaced hikes in July and September of 2014. These, in turn, had reversed a percentage point of easing in 2012. Like 2015, 2013 saw no rate changes.
A released statement again called inflation manageable and projects a gradual upturn ahead that will stabilize around the 3% target range midpoint in 2017 and 2018. Expected inflation is in line with the target, buy forecast risks are skewed to the upside.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Filipino monetary policy
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