{"id":30235,"date":"2012-06-14T07:55:00","date_gmt":"2012-06-14T11:55:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/06\/philippines-keeps-key-rate-steady-at-4-pct\/"},"modified":"2012-06-14T07:55:00","modified_gmt":"2012-06-14T11:55:00","slug":"philippines-keeps-key-rate-steady-at-4-pct","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/14\/philippines-keeps-key-rate-steady-at-4-pct\/","title":{"rendered":"Philippines keeps key rate steady at 4 pct"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp; &nbsp; T<span>he central bank of the Philippines left its key policy rate unchanged at 4 percent as inflation expectations remain firmly anchored amidst an improving domestic economy.<\/span><br \/><span>&nbsp; &nbsp; The monetary board of Bangko Sentral ng Pilipinas said in a statement that the latest forecasts call for inflation to remain in the lower half of the bank&#8217;s 3-5 percent target range for 2012 and 2013 and a weak global economy could further dampen oil and commodity prices in coming months.<\/span><br \/><span>&nbsp; &nbsp; &#8220;<span>On balance, therefore, the Monetary Board believes that the benign inflation outlook and robust domestic growth provide adequate room to keep policy rates unchanged, especially as the cumulative 50-basis-point reduction in policy rates and the operational adjustments in the reserve requirements earlier in the year work their way through the economy,&#8221; the bank said.<\/span><\/span><br \/><span><span>&nbsp; &nbsp; The Philippine central bank cut its main policy rate by 25 basis points in March after trimming the rate by the same amount at its January meeting.<\/span><\/span><br \/><span><span>&nbsp; &nbsp; The bank&#8217;s key policy rate is the overnight borrowing, or reverse repurchase facility (RRR), which was maintained at 4 percent, while the overnight lending, or repurchase facility (RR) was left at 6 percent.<\/span><\/span><br \/><span><span><br \/><\/span><\/span><br \/><span><span>www.CentralBankNews.info<\/span><\/span><\/p>\n<p><span><br \/><\/span><\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-7054811912955311804?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; The central bank of the Philippines left its key policy rate unchanged at 4 percent as inflation expectations remain firmly anchored amidst an improving domestic economy.&nbsp; &nbsp; The monetary board of Bangko Sentral ng Pilipinas said in a statement that the latest forecasts call for inflation to remain in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/14\/philippines-keeps-key-rate-steady-at-4-pct\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Philippines keeps key rate steady at 4 pct&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30235","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30235"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}