Free Trial

Central Bank Keeps Key Rate Unchanged At 6.50%

BSP

Bangko Sentral ng Pilipinas kept its key policy rate unchanged at 6.50%, in line with expectations.

  • The BSP's 2024 risk-adjusted inflation forecast was revised to +3.9% Y/Y from +4.2%. The 2025 risk-adjusted inflation forecast was changed to +3.5% Y/Y from +3.4%.
  • The central bank said that its 2024 baseline inflation forecast is +3.6% Y/Y, while the baseline forecast for 2025 is +3.2% Y/Y.
  • The BSP thinks that inflation expectations are more firmly anchored, while the risks to the inflation outlook have receded, but remain tilted to the upside.

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.