Hich Is Expected To Hamper Global Economic Recovery And May Result In Implementation Of New Movement Restrictions He Said The Mb Also Noted That Domestic Economy Activities Continue Gain Ground Following Easing Quot However News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BSP Governor Benjamin Diokno MANILA - The Bangko Sentral ng Pilipinas' (BSP) policy-making Monetary Board (MB) on Thursday kept the central bank's key policy rates despite the upward adjustments in the average inflation forecasts for this and next year. Thus, the central bank's overnight reverse repurchase (RRP) rate is still at record low 2 percent, the overnight lending rate is at 2.5 percent, and the overnight deposit rate is at 1.5 percent. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said the latest average inflation forecast for this year was hiked to 4.3 percent, higher than the government's 2-4 percent target band, and the 2023 projection was changed to 3.6 percent. These were at 3.7 percent and 3.3 percent for 2022 and 2023, respectively, during the MB meeting last February. Diokno attributed the hikes in the inflation forecasts to upticks of commodity prices in the international market. "Inflation expectations have likewise risen but co

United arab emiratesBenjamin dioknoBangko sentralFrancisco dakila jrMonetary boardGovernor francisco dakilaBsp governor benjamin diokno manila the bangko sentral ng pilipinas 39 policy making monetary board mb on thursday kept central bank 39s key rates despite upward adjustments in average inflation forecasts for this and next year thusHe central bank 39s overnight reverse repurchase rrp rate is still at record low 2 percentHe overnight lending rate is at 2 5 percentNd the overnight deposit rate is at 1 5 percent ina virtual briefing on thursdaySp governor benjamin diokno said the latest average inflation forecast for this year was hiked to 4 3 percentIgher than the government 39s 2 4 percent target bandNd the 2023 projection was changed to 3 6 percent these were at 7 and for 2022Uring the mb meeting last february diokno attributed hikes in inflation forecasts to upticks of commodity prices international market quot expectations have likewise risen but continue be anchored 2 4 percent target bandUot he said amidst these developmentsIokno said quot the balance of risks to outlook remain broadly balanced for 2023 he domestic inflation pressures are driven by supply issues on pork and fish potential impact higher oil prices transportation fares in this regard