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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 (https://bit.ly/3FMbD8F)

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

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