Filipino Central Bank To Phase Out Liquidity-Enhancing Measures But Leaves Key Overnight Borrowing Rate at 4.0%

March 11, 2010

Bangko Sentral Ng Pilipines will reduce the peso rediscounting budget from P60 billion to P40 billion but has left its key borrowing and lending rates steady at 4.0% and 6.0%, their respective levels after cuts totaling 200 basis points and administered between December 2008 and July 2009.  After the final cut last July, officials announced […] More

Filipino Key Overnight Borrowing Rate Left at 4.0%

January 28, 2010

As expected, Bangko Sentral ng Pilipinas made no changes in its 4.0% overnight borrowing or 6.0% overnight lending rates.  However, in a phase-out of a liquidity-promoting action introduced 11 months ago, the peso rediscount window charge was restored to the overnight borrowing rate level from 50 basis points below such.  A statement from monetary officials called […] More