Bangko Sentral Ng Pilipinas

Bangko Sentral ng Pilipinas

May 10, 2018

Among today’s many central bank reviews of monetary policy, the one in The Philippines proved to be the meeting that resulted in an actual change in policy rates, as the overnight reverse repo, the overnight lending, and the overnight deposit rates were raised by 25 basis to 3.25%, 3.75%, and 2.75%. A new forecast unveiled […] More

Bangko Sentral ng Pilipinas

March 22, 2018

Filipino officials didn’t tighten their monetary stance at the latest review but left the door open to such a move in the future. The overnight reverse repo rate and lending rate have been at 3.0% and 4.0% for some time. In mid-2016, officials switched from a point target to a 3-4% target range. A released […] More

Bangko Sentral ng Pilipinas

February 8, 2018

The Filipino overnight reserve repo rate was left at 3.0%. It’s been at that level since early June 2016 when the central bank monetary board abandoned a point target of 4% and adopted a 3-4% target corridor. The ceiling is imposed by the overnight lending rate. A statement of explanation for today’s action revises projected […] More

Bangko Sentral ng Pilipinas

December 14, 2017

There has been a Filipino central bank rate of 3.0% since a pair of 25-basis point cuts in the third quarter of 2014, and monetary officials still see no need to change that level. A statement after the Monetary Board met concluded that the inflationary environment is broadly unchanged since the previous review, predicted in […] More

Bangko Sentral ng Pilipinas

November 9, 2017

The Filipino reverse repo rate has been at 3.0% since a pair of 25-basis point hikes in July and September of 2014. A statement released by the Monetary Board after the last review considers 3.0% to still be an appropriate level even though risks to the inflation output lie a tad to the upside. Inflation […] More

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 […] More

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