Insights 
INVESTMENT STRATEGY
THE BASICS
Downloads
DOWNLOAD
DOWNLOAD
DOWNLOAD
View all Reports
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts
DOWNLOAD
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
Follow us on our platforms.
TOP SEARCHES
Rates & Bonds
1 MIN READ
BSP to continue supporting economic recovery despite rate hikes
August 2, 2022
By Reuters
By Reuters
MANILA, Aug 2 (Reuters) – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday.
Current policy rates remain accommodative, Bangko Sentral ng Pilipinas Governor Felipe Medalla told a business forum.
Policymakers will meet on August 18 to adjust its reverse repurchase facility rate that is currently at 3.25%.
(Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor)
This article originally appeared on reuters.com