Philippine central bank hikes benchmark rate by 25 bps in off-cycle move
The target reverse repurchase rate was raised to 6.50%
Source: gulfnews.com
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BSP delivers off-cycle hike to tame inflation • Jasper Y. Arcalas
The Bangko Sentral ng Pilipinas (BSP) on Thursday hiked its key policy interest rates by 25 basis points to 6.5 percent to arrest the increase in the prices of goods and services. The Monetary Board (MB), the BSP’s highest policy-making body, decided to raise the target reverse repurchase (RRR) rate by 25 basis points effective
Source: businessmirror.com.ph
Philippine central bank hikes interest rate to 6.50 pct
The Philippine central bank decided on Thursday to take off-cycle action to raise the bank target reverse repurchase rate by 25 points to 6.50 percent.....
Source: philippinetimes.com
BSP implements off-cycle rate hike | The Manila Times
MONETARY authorities pushed through with an unscheduled interest rate hike on Thursday and raised the possibility of another increase next month, citing the need to keep inflation in check.
Source: manilatimes.net
Rate hike looms in the Philippines on inflation woes, says Bank Governor
He Bangko Sentral ng Pilipinas’ (Philippines Central Bank) policy rate may be raised before the Monetary Board’s (MB) meeting on Nov. 16, and may happen as early as Oct. 26 or four weeks early.
Source: thestar.com.my