Bangko Sentral ng Pilipinas

September 21, 2017

Three years have now elapsed since the last change in the Filipino overnight reverse repo rate, which was the second of two 25-basis point hikes in July and September 2014. The latest policy review kept the key central bank rate in The Philippines at 3.0%. Projected inflation remains 3.2% for 2017, 2018 and 2019. This is deemed manageable and lies within the 2-4% target. While officials concede that risks surrounding the inflation forecast lie more to the upside than downside, note is also made that expected inflation continues to be firmly anchored.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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