At its meeting on monetary policy today, the Monetary Board decided to keep the BSP's Target Reverse Repurchase (RRP) Rate unchanged at 6.50 percent. Accordingly, the interest rates on the overnight deposit and lending facilities will be maintained at 6.0 percent and 7.0 percent, respectively. ...
the first increase since August 2008, to contain inflation that accelerated to a nine-month high in February.The central bank is concerned that inflows from the forwards market are making foreign-exchange intervention more difficult for policy makers, said Marcelo Ayes, a senior vice president at...