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

 

 

 

Economic Research			11 August 2017
Philippines
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	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

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