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 return to target gradually during 2016-7.  Note is made of planned rise in utility fees.  Domestic demand has been buoyant.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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