You are here

Philippines central bank keeps key rates steady as expected

Wednesday, March 23, 2016 - 14:27

[MANILA] The Philippine central bank kept its benchmark interest rate steady at 4.0 per cent on Wednesday, as expected, amid robust economic growth and subdued inflation.

It also left the rate on its special deposit accounts (SDAs) unchanged at 2.5 per cent and the reserve requirement ratio at 20 per cent.

All 12 economists in a Reuters poll had predicted the central bank will stand pat on rates, on low inflation and strong growth.

The policy-making Monetary Board holds a rate-setting meeting every six weeks.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom