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Philippine Central Bank Lifts Rate By 50 Bps

Por: RTTNews Business December 15, 2022

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The Philippine central bank tightened its policy again with a 50 basis point hike, citing further uptick in headline inflation and pent-up demand.The Monetary Board of the Bangko Sentral ng Pilipinas decided to raise the benchmark overnight reverse repurchase facility rate to 5.50 percent from 5.0 percent. Accordingly, the interest rates on the overnight deposit and lending facilities were adjusted to 5.0 percent and 6.0 percent,... + full article



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