Philippines Central Bank Maintains Key Interest Rate at 3%
Manila | 14th December 2017
Philippines’ central bank, Bangko Sentral ng Pilipinas, maintained key interest rate at 3%.
” PHILIPPINES’ CENTRAL BANK MAINTAINS KEY INTEREST RATE AT 3% “
The Monetary Board’s decision is based on its assessment that the outlook for the inflation environment has been broadly unchanged. This is indicated by the latest baseline forecasts remaining within the target range of 3.0 percent ± 1 percentage point for 2018-2019. Inflation expectations also continue to be firmly anchored to the target over the policy horizon.
Source: Bangko Sentral ng Pilipinas
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