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Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
RTTNews | 10 दिनों पहले
Philippine GDP Expands Less Than Forecast
The Philippine economy expanded at a slower than expected pace in the fourth quarter as severe storms damped farm output and geopolitical tensions weighed on manufacturing, official data showed on Thursday. Consequently, the economy missed its full year official growth target in 2024. Gross domestic product grew 5.2 percent year-on-year in the fourth quarter, the same pace as in the third quarter.
RTTNews | 24 दिनों पहले
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 | 65 दिनों पहले
