Bangko Sentral Ng Pilipinas

Unchanged Central Bank Rate in The Philippines as Expected

December 1, 2011

The Filipino Monetary Board left its overnight policy rate unchanged at 4.5%, which was what analysts had anticipated.  Two hikes of 25 basis points were implemented in March and May of this year, and reserve requirements were raised in June and July.  Those were the last policy changes of any sort, and now officials are […] More

Rate Hikes in The Philippines and Malaysia

May 5, 2011

Bangko Sentral Ng Pilipinas has implemented a second tightening of its monetary policy interest rates, following up on an initial move on March 24.  The reverse repo rate for borrowing was lifted 25 basis points to 4.5%, and the repo lending rate was increased to 6.5% from 6.25%.  During the recession, rates were cut by […] More