Filipino Central Bank Maintains Key Policy Rates but Fine Tunes SDA Facility

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

The overnight borrowing and lending rates of Bangko Sentral ng Pilipinas were left at 3.5% and 5.5%.  These were cut four times during 2012 — in January, March, July and October most recently — each time by 25 basis points.  The Monetary Committee’s statement called inflation prospects “manageable, noting inflation is in the lower half [...]

larrygreenberg @ January 24, 2013