Bangko Sentral ng Pilipinas
November 9, 2017
The Filipino reverse repo rate has been at 3.0% since a pair of 25-basis point hikes in July and September of 2014. A statement released by the Monetary Board after the last review considers 3.0% to still be an appropriate level even though risks to the inflation output lie a tad to the upside. Inflation is considered manageable overall and appears likely to officials to stay within the 2-4% target band over the coming two years. Expected inflation is anchored, and there are some downside risks to growth.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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