KONTAN.CO.ID - MANILA. The Philippine central bank is widely expected to keep interest rates steady on Thursday with inflation seen easing further after it slowed to a four-month low in November, a Reuters poll showed. Eleven out of 13 analysts polled expect the central bank to leave the overnight reverse repurchase rate at 4.75 percent, after hikes at each of the last five meetings raised it by a total 175 basis points (bps). The other two forecast a further hike of 25 basis points (bps) when the Bangko Sentral ng Pilipinas (BSP) reviews monetary policy on Dec. 13.
Philippines seen holding rates after 5 consecutive hikes
KONTAN.CO.ID - MANILA. The Philippine central bank is widely expected to keep interest rates steady on Thursday with inflation seen easing further after it slowed to a four-month low in November, a Reuters poll showed. Eleven out of 13 analysts polled expect the central bank to leave the overnight reverse repurchase rate at 4.75 percent, after hikes at each of the last five meetings raised it by a total 175 basis points (bps). The other two forecast a further hike of 25 basis points (bps) when the Bangko Sentral ng Pilipinas (BSP) reviews monetary policy on Dec. 13.