Bangko Sentral Ng Pilipinas

Overnight Filipino Reverse Repo Rate Left at 3.0%

August 10, 2017

The key interest rate at Bangko Sentral ng Pilipinas has been at 3.0% since June 2016 and will stay at that level after the Bank Board’s latest review. The decision is explained in a statement that defines the inflation environment as still “manageable.” Although inflation has recently risen somewhat and despite acknowledging price risks tilted […] More

Central Bank of The Philippines

June 22, 2017

The Filipino reverse repo rate is being maintained at 3.0%. A statement released after the latest policy review, which left all other policy settings unchanged as well, projects manageable in-target CPI inflation (2-4%) in 2017-19 but concedes that risk surrounding the forecast is tilted to the upside. Price expectations remain well-anchored, and the outlook for […] More

Filipino Central Bank Interest Rates Unchanged

March 23, 2017

At the second meeting of the monetary board of Bangko Sentral ng Pilipinas, all policy settings including the 3.0% reverse repo rate were kept unchanged. A released statement calls inflation manageable while conceding that price risks are skewed somewhat to the upside. Inflation has picked up in the first couple of months of 2017 due […] More

Filipino Monetary Policy Unchanged After First Review of 2017

February 9, 2017

The Monetary Board at Bangko Sentral ng Pilipinas kept the overnight reverse repo at 3.0%, the overnight lending rate at 3.5%, and reserve requirements at 3.0%. A released statement continues to project in-target (2-4%) inflation this year and next. A recent rise reflects in headline inflation doesn’t reflect core items and, at 2.7%, remains in […] More

Bangko Sentral ng Pilipinas

December 22, 2016

The Filipino reverse repo rate, which has been at 3.0% since a 25-basis point hike in September 2014, was left unchanged at the latest Board meeting. So were its other interest rates and reserve requirement ratio. A released statement asserts the appropriateness of the current  monetary stance. Inflation is currently under the 2-4% target but […] More

Bangko Sentral ng Pilipinas Leaves Filipino Central Bank Interest Rates Unchanged

September 22, 2016

A narrower interest rate corridor framework for monetary policy in The Philippines was adopted in June. A policy meeting in August did not change settings, which were also maintained after this month’s meeting. An overnight reverse repo rate of 3.0% is flanked by an overnight deposit rate of 2.5% and an overnight 3.5% lending rate. […] More

Bangko Sentral ng Pilipinas

June 23, 2016

Interest rate changed had been unveiled June 3, so it’s unsurprising that Filipino central bank rates were left unchanged at today’s scheduled policy review.  The repo rate stays at 3.0%; a cut three weeks ago from 4% was the first change since September 2014.  Overnight lending and deposit rates remain at 3.5% and 2.5%.  A […] More

Filipino Monetary Policy

May 12, 2016

Monetary Board officials at Bangko Sentral ng Pilipinas left the key overnight borrowing and lending rates at 4.0% and 6.0%, assessing the environment for inflation to be still manageable.  The last rate changes were made in 2014, a 25-basis point hike in July followed by another in September.  Those moves had been the first increases […] More

Central Bank of The Philippines

November 12, 2015

The overnight Filipino central bank borrowing rate stays at 4.0%, and the reverse repo rate was kept at 6%.  The last policy modification was a 25-basis point hike 14 months ago.  There is sub-target inflation, that is below the 2-4% desired range.  A statement observes well-anchored expected inflation despite sub-target actual inflation and predicts a […] More

Central Bank of The Philippines

May 14, 2015

The last changes made to the overnight lending and overnight borrowing rates were hikes of 25 basis points in July and September of 2014.  Those rates since then have been at 6.0% and 4.0%.  This month’s policy meeting decided to keep those levels and also made not changes to reserve requirements.  A released statement reaffirmed […] More