Philippines Central Bank Raises Key Interest Rate to 3.25%
Manila | 10th May 2018
The Monetary Board decided to increase the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 25 basis points to 3.25 percent.
” PHILIPPINES’ CENTRAL BANK MAINTAINS KEY INTEREST RATE AT 3% “
In deciding to raise the policy interest rate, the Monetary Board noted that latest forecasts have further shifted higher, indicating that inflation pressures could become more broad-based over the policy horizon.
Source: Bangko Sentral ng Pilipinas
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