Philippines Central Bank Maintains Key Interest Rate at 3%
Manila | 8th February 2018
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 while latest baseline forecasts show higher inflation outturns for 2018, the inflation path is expected to moderate and settle within the inflation target range of 3.0 percent ± 1.0 percentage point in 2019.
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