Bangko Sentral Ng Pilipinas

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

Central Bank of the Philippines

February 6, 2014

Officials at Bangko Sentral ng Pilipinas kept their key reverse repo rate at 3.5%, its level since October 2012.  The repo rate stays at 5.5%, and reserve ratios were not changed, either.  A released statement today reads very similarly to the previous one from December 12.  Inflation is called manageable even though currently higher “due […] More

Filipino Interest Rates Left Unchanged

October 24, 2013

The overnight lending and borrowing rates were last changed a year ago.  Officials at Bangko Sentral ng Pilipinas implemented cuts of 25 basis points each in January, April, July and October 2012.  The lending and borrowing rate levels will remain at 5.5% and 3.5%, respectively, officials announced after today’s policy meeting had concluded.  A statement […] More

Filipino Monetary Policy

June 13, 2013

Officials at this year’s fourth interest rate policy meeting voted to leave the overnight borrowing and lending rates at 3.5% and 5.5%, respectively, and did not cut the Special Deposit Rate any further.  Such was sliced on January 24, March 13, and April 25 to the current 2.0% level, and policymakers are pausing to assess […] More

Filipino Central Bank Engineers a Third 2013 Cut of Special Deposit Rate

April 25, 2013

Officials at Bangko Sentral ng Pilipinas left the main monetary policy signals unchanged.  The overnight borrowing rate (reverse repo) stays at 3.5%, while the overnight lending rate (repo) was held at 5.5%.  These rates had been cut four times in 2012 (January, May, July and October) but not subsequently.  As officials had done at previous […] More

Filipino Central Bank Maintains Key Policy Rates but Fine Tunes SDA Facility

January 24, 2013

The overnight borrowing and lending rates of Bangko Sentral ng Pilipinas were left at 3.5% and 5.5%.  These were cut four times during 2012 — in January, March, July and October most recently — each time by 25 basis points.  The Monetary Committee’s statement called inflation prospects “manageable, noting inflation is in the lower half […] More

Filipino Central Bank Interest Rates Cut by 25 Basis Points

October 25, 2012

Policymakers at Bangko Sentral ng Pilipinas have reduced the overnight borrowing and lending rates by 25 basis points to 3.5% and 5.5%, respectively.  This easing follows three similarly-sized adjustments made this year in January, March and July.  A new statement calls the inflation outlook “manageable”, with the 12-month CPI projected to stay within the 3-5% […] More