Philippines Central Bank Maintains Key Interest Rate at 3%
Manila | 10th August 2017
Philippines’ central bank, Bangko Sentral ng Pilipinas, maintained key interest rate at 3%. The Monetary Board’s decision is based on its assessment that the inflation environment remains manageable.
” Philippines’ Central Bank maintained key interest rate at 3% “
While inflation forecasts have risen slightly due to the recent increase in global oil prices, the future inflation path continues to be within the target for 2017-2019. Inflation expectations also remain firmly anchored close to the midpoint of the Government’s 3 percent ± 1 percentage point target over the policy horizon.
Source: Bangko Sentral ng Pilipinas