Philippines: Central Bank holds rates again, cites manageable inflation environment

At its 12 December monetary policy meeting, the Central Bank left its Reverse Repurchase Rate unchanged at 3.50% for the 14th consecutive month, a decision that was widely expected by the market. At the same time, the Bank decided to keep interest rates on its Special Deposit Accounts (SDA) facility stable. SDA facilities are fixed-term deposit accounts with maturities of between one week and one month that the Central Bank offers to credit institutions and bank trust entities.

Read more about Filipino Monetary Policy.

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