Central Bank of the Republic of The Philippines

Bangko Sentral ng Pilipinas: Reverse Repo Rate to Stay at 3.0%

August 11, 2016

The overnight lending and deposit rates in The Philippines were left unchanged at 3.5% and 2.5%, a corridor that straddles the reverse repo rate of 3.0%. The narrow rate band┬áreplaced a wider 4-6% corridor that had been maintained since a 25-basis point hike in┬áSeptember 2014. There was also a 25-bp increase in July 2014, no […] More