Philippines Monetary Policy


Central Bank stays put on interest rates

At its 19 April monetary policy meeting, the Central Bank maintained its Reverse Repurchase Rate unchanged at a record low of 4.00%. The decision was widely expected by the market and followed a 25-basis-point cut in March. The Bank's decision comes in the midst of a subdued inflation environment, as inflation fell to a 30-month low in March. The Central Bank stated that


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Note: Reverse Repurchase Rate in %.
Source: Central Bank of the Philippines (BSP).

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