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Economic Research
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27 March 2015
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Philippines
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Economic
Highlights
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The
Bangko Sentral ng Pilipinas’ (BSP) Monetary Board, kept
the overnight borrowing and lending rates unchanged at 4.00% and 6.00%
respectively on 26 March (see Figure 1), for the fourth straight meeting.
Meanwhile, the special deposit account (SDA) facility and the reserve
requirement were also held steady at 2.50% and 20% respectively. The central
bank decision came in line with our expectation and consensus estimates, as
an anticipated acceleration in economic growth reduces the need for stimulus.
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Friday, March 27, 2015
RHB | Philippines | Policy Rates Held Steady Amid Manageable Inflation Environment
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