Bangko Sentral ng Pilipinas
December 14, 2017
There has been a Filipino central bank rate of 3.0% since a pair of 25-basis point cuts in the third quarter of 2014, and monetary officials still see no need to change that level. A statement after the Monetary Board met concluded that the inflationary environment is broadly unchanged since the previous review, predicted in target inflation (2-4%) over the coming two years, but conceded that price risks on the whole are tilted to the upside. Officials are also watching “geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies.”
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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