Philippine Central Bank Keeps Rate Unchanged Again



The Philippines' central bank left its key interest rate unchanged on Thursday for a second straight session, citing subdued inflation.


The Monetary Board of the Bangko Sentral ng Pilippinas, or BSP, decided to leave the overnight reverse repurchase facility rate unchanged at 4.00 percent. The move was in line with economists' expectations.


The Monetary Board's decision was based on its "assessment of a benign inflation environment", the bank said.


In November, the bank had left the rate unchanged. Prior to that, the rate was lowered by a quarter-basis point each in both August and September.


In May, the bank had lowered the rate by a quarter-basis point, which was the first reduction since 2016.




0 views
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram