Philippines Interest Rate Decision
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) is in charge of making interest rate decisions in the Philippines. The reverse repo rate (RR/P), which is the overnight borrowing rate, serves as the official interest rate. The Philippine central bank is dedicated to promoting and maintaining price stability, as well as providing proactive leadership in establishing a robust financial system that supports balanced and sustainable economic growth.
A higher than expected figure should be seen as positive (bullish) for the PHP while a lower than expected figure should be seen as negative (bearish) for the PHP.
News (PHP)
Philippines Cuts Policy Rate To 5.75%
The Philippine central bank decided to reduce its benchmark rate by 25 basis points on Thursday as inflation is projected to remain within the target range and, hinted at further policy easing next year. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 5.75 percent from 6.00 percent.
RTTNews | 2 days ago
Philippine Central Bank Lowers Key Rates By 25 Bps
The Philippine central bank reduced its benchmark rates by 25 basis points for the second straight meeting on Wednesday, as inflation remained low. The Monetary Board of the Bangko Sentral ng Pilipinas lowered the target reverse repurchase rate to 6.00 percent from 6.25 percent. The interest rates on the overnight deposit and lending facilities were accordingly adjusted.
RTTNews | 66 days ago
Philippine Central Bank Lowers Rate For First Time Since 2020
The Philippine central bank unexpectedly lowered its benchmark rates for the first time in nearly four years and hinted at more easing amid well-anchored inflation expectations. The monetary board of the Bangko Sentral ng Pilipinas reduced the target reserve repurchase rate by 25 basis points to 6.25 percent. Markets were expecting a hold.
RTTNews | 128 days ago
