Philippines central bank keeps key rates steady as expected
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
