Philippines and Hong Kong hold rates

BSP governor says monetary policy has to remain “sufficiently tight” to bring inflation back to target

Central Bank of the Philippines
The Central Bank of the Philippines
Patrick Roque (

The Philippine central bank kept its policy rate unchanged today (December 14) for the second consecutive meeting in a context of weaker inflation, but it did not rule out the possibility of further rate hikes. 

The Central Bank of the Philippines’ (BSP) five-member monetary board decided to leave the target reverse repurchase (RRP) rate unchanged at 6.5%, the highest level since 2007. It also maintained the overnight deposit and lending rates at 6% and 7% respectively.

The decision came a day

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

Most read articles loading...

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