FOREX TradingCharts.com

Financial News: Philippine CB Keeps Rates Unchanged

Philippine CB Keeps Rates Unchanged

03/23/2017 - 07:08:00 (RTTNews)

(RTTNews) - The Philippine central bank decided to keep its key interest rates unchanged on Thursday as the outlook for inflation remains manageable.

The Monetary Board of Bangko Sentral ng Pilipinas decided to leave the overnight reverse repurchase rate at 3.00 percent and the overnight lending rate at 3.50 percent.

The reserve requirement ratios were likewise left unchanged. The outcome of the meeting matched economists' expectations.

Policymakers observed that the balance of risks surrounding the inflation outlook remains tilted toward the upside, given the impact of the proposed tax reforms, and possible adjustments in transportation fares and electricity rates.

The board emphasized that domestic economic activity is projected to stay firm, supported by buoyant household consumption and private investment, increased government spending, and ample credit and liquidity.

The board said that prevailing monetary policy settings remain appropriate. Looking ahead, the BSP will continue to monitor evolving economic conditions to ensure price and financial stability conducive to sustainable economic growth.

While a growing number of analysts are predicting that the BSP will have to hike rates soon, Alex Holmes, an economist at Capital Economics, said he continues to think that the central bank will be in little hurry to tighten monetary policy.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Q1 Import Prices Rise Unexpectedly (56 min(s), 40 sec(s) ago)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story»

BoJ Keeps Monetary Policy Unchanged (32 min(s), 20 sec(s) ago)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story»

South Korea Q1 GDP Jumps 0.9% On Quarter (23 min(s), 20 sec(s) ago)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story»

South Korea GDP Climbs 0.9% In Q1 (53 min(s), 20 sec(s) ago)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story»

Cashless Society Possible, Closer - Survey (29 min(s), 20 sec(s) ago)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story»

Draghi To Maintain Status Quo Ahead Of French Election Runoff (33 min(s), 20 sec(s) ago)
(RTTNews) - While the brightening prospects of the euro area economy and the win of a pro-EU candi ...Full Story»

German Govt Lifts 2017 Growth Outlook (53 min(s), 20 sec(s) ago)
(RTTNews) - Germany's economy is likely to expand more than previously projected in 2017, the ...Full Story»

Turkey Central Bank Lifts Liquidity Rate (37 min(s), 20 sec(s) ago)
(RTTNews) - Turkey's central bank decided to raise one of its lending rates by 50 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Q1 Import Prices Rise Unexpectedly

04/27/2017 - 00:25 AM (RTTNews)
(RTTNews) - Australia's import prices increased unexpectedly in the three months ended March, ...Full Story>>

BoJ Keeps Monetary Policy Unchanged

04/26/2017 - 23:54 PM (RTTNews)
(RTTNews) - The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. ...Full Story>>

South Korea Q1 GDP Jumps 0.9% On Quarter

04/26/2017 - 19:45 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted annualized 0.9 ...Full Story>>

South Korea GDP Climbs 0.9% In Q1

04/26/2017 - 19:15 PM (RTTNews)
(RTTNews) - South Korea's gross domestic product gained a seasonally adjusted annualized 0.9 p ...Full Story>>

Cashless Society Possible, Closer - Survey

04/26/2017 - 10:51 AM (RTTNews)
(RTTNews) - People may be moving closer to accepting a cashless society as more than a third in Eu ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.