Philippines Holds Rate, Capital Inflows Threat To Inflation
The central bank of the Philippines held its key policy rates steady, as expected, saying the risks to inflation appear balanced even if the strong inflow of capital threatens to push up inflation. Bangko Sentral ng Pilipinas (BSP), which cut its rates by 100 basis points in 2012, said it would [...]
The central bank of the Philippines held its key policy rates steady, as expected, saying the risks to inflation appear balanced even if the strong inflow of capital threatens to push up inflation.
Bangko Sentral ng Pilipinas (BSP), which cut its rates by 100 basis points in 2012, said it would leave is overnight borrowing, or reverse purchase facility rate, at 3.50 percent and the overnight lending, or repurchase rate, at 5.50 percent.