BSP key rate stays longer at 6.25% | Inquirer Business

BSP key rate stays longer at 6.25%

MANILA  -The Monetary Board again kept the Bangko Sentral ng Pilipinas key policy rate at 6.25 percent, saying that the latest baseline projections continue to a return of inflation to the target band by the fourth quarter this year

This is the third MB policy meeting in a row that the benchmark rate is kept unchanged, after the ones held in May and June.

MB chair and BSP Governor Eli Remolona Jr. said in a press briefing that inflation was expected to continue subsiding “despite a generally higher path for inflation relative to the previous forecast from the monetary policy meeting in June,” which reflects mainly the impact of higher international oil prices.

“Meanwhile, inflation expectations for 2023 have remained steady, while those for 2024 and 2025 have declined slightly,” Remolona said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Bangko Sentral ng Pilipinas, Inflation, Interest rates‎

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.