Filipino rates unmoved despite inflation threat

The Philippines central bank held its overnight interest rates steady at its August monetary policy meeting, despite inflation which is expected to be above-target in 2005 and 2006.

The overnight reverse repo rate (RRP) was held at 7%, and the overnight repo rate was held at 9.25%. The RRP was last raised by 0.25 percentage points in April: the only rise in the last five years.

The BSP argued that monetary tightening would only reduce demand rather than address the key factor behind the rise co

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: