Philippines lowers rates to 5%

The Central Bank of the Philippines's rate-setting monetary board on Thursday cut its key policy rate by a quarter-point to 5%.

The decision is the fourth consecutive cut since the central bank held rates in August.

Inflation was expected to fall within the 5% to 3% target range for this year, and the 4.5% to 2.5% range for 2009. Inflation in December, the most recent measure, was 3.9%. "Demand indicators continue to show some strengthening, indicating manageable price pressures going forward

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: