Free Trial

Bangko Sentral ng Pilipinas Keeps Interest Rates Unchanged

BSP

The Philippine central bank kept interest rates unchanged today, as expected by most economists.

  • The BSP revised its CPI inflation forecasts:
    • 2023: +5.8% Y/Y (prev. +5.6%)
    • 2024: +3.5% Y/Y (prev. +3.3%)
    • 2025: +3.4% Y/Y (prev. +3.4%)
  • Governor Remolona said that the balance of risks to the CPI outlook remains tilted to the upside, while the BSP stands ready to resume monetary tightening if needed.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.