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 foreign demand has risks tilted somewhat to the downside. Liquidity is ample, and both consumer and business sentiment appear buoyant.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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