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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