Friday, August 11, 2017

FW: RHB | Philippines| Policy Rates Still Unchanged In August




Economic Research

11 August 2017



Economic Update




Policy Rates Still Unchanged In August


The Bangko Sentral ng Pilipinas (BSP) board of governors’ meeting on 10 Aug had decided to maintain the overnight RRP and lending rates stable at 3.0% and 3.5% respectively. Moving forward, we expect the Central Bank to raise the benchmark overnight rate to 3.25% in the later part of 2017. This is on:

1.   Rising inflation;

2.   Expected further increases in US interest rates;

Currency weakness.



Economist:  Rizki Fajar  | +6221 2970 7065



To access our recent reports please click on the links below:


11 Aug: Export Growth Continues To Moderate In June

07 Aug: Inflation Holds Up In July

01 Aug: M3 And Loan Growth Rise in June

12 July: Export Growth Moderates In May, To Rebound In 2017

06 July: Inflation Continues To Ease In June

04 July: M3 Holds Up, Loan Growth Rises

ASEAN Economic Team





Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184



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