Philippines cuts key rates and hints at more easing

philippines-cb

The Philippines central bank cut its benchmark interest rate and hinted at more easing today (August 8), as inflation pressures eased and the prospects for the country’s economic growth worsened. 

The Central Bank of the Philippines (BSP) slashed the overnight reverse repurchase rate by 25 basis points to 4.25%, citing easing price pressures and weaker global economic prospects. 

The central bank also hinted at further easing, mentioning that inflation is likely to remain within the target of

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 individual account here: