MANILA, Philippines The country’s foreign exchange buffer went up by 2.6 percent to a three-month high of $107.25 billion as of end-April, from the revised $104.48 billion a month earlier, as the government borrowed more to beef up the country’s COVID-19 war chest, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the month-on-month increase reflected inflows that mainly came from the proceeds of the global and.
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MANILA The Philippine central bank left its key interest rate steady at a record low on Wednesday, as policymakers focus on supporting an economy which is…
Philippine central bank holds rates at record low, signals no change anytime soon
Published 2 hours ago
By Neil Jerome Morales and Karen Lema
MANILA (Reuters) -The Philippine central bank left its key interest rate steady at a record low on Wednesday, as policymakers focus on supporting an economy which is showing signs of recovering after shrinking for five consecutive quarters.
The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0% for a fourth consecutive meeting, as predicted by all 13 economists in a Reuters poll.
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The rates on the overnight deposit and lending facilities were also held steady at 1.5% and 2.5%, respectively.
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MANILA, May 12 (Reuters) - The Philippine central bank left its key interest rate steady at a record low on Wednesday, as policymakers focus on supporting an economy which is showing signs of recovering after shrinking for five consecutive quarters.
The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0% for a fourth consecutive meeting, as predicted by all 13 economists in a Reuters poll.
The rates on the overnight deposit and lending facilities were also held steady at 1.5% and 2.5%, respectively.