Tag: philippine central
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Philippine central bank raises policy rate by 25 basis points
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points for a second time in a row on Thursday and left the door open to additional tightening as inflation pressures remain strong.Governor Eli Remolona said the central bank would consider larger rate increases, including
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Philippine central bank raises policy rate by 25 basis points, as expected
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points to 4.75 per cent on Thursday, it said in a statement.Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate by 25 basis points. Five others projected a
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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