Philippine central bank holds rates

BSP warns against upside risks, despite receding inflation


The Central Bank of the Philippines (BSP) kept its benchmark interest rates unchanged today (February 15) for the third consecutive meeting.

​Its seven-member monetary board decided to maintain its target reverse repurchase rate at 6.5%. The bank also held the overnight deposit and lending rates at 6% and 7% respectively.

In a statement, the BSP said: “The risks to the inflation outlook have receded but remain tilted toward the upside.”

Considering the prevailing risks, the board deemed it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account