Rates round-up: Philippines raises policy rate 50bp

Central Bank of the Philippines
Central Bank of the Philippines
Patrick Roque (https://bit.ly/3FMbD8F)

Philippines: On February 16, the Central Bank of the Philippines (BSP) raised its policy rate by 50 basis points to 6%.

The central bank’s monetary board cited generally increasing inflation figures and projections.

It said rising food and transport prices and “higher-than-expected wage adjustments in 2023” were the sources of these upside risks. BSP officials also advocated “timely and more aggressive whole-of-government actions to mitigate the impact of persistent supply-side pressures on

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

If you already have an account, please sign in here.

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