Bangko Sentral hikes inflation forecast for next two years Thursday, 30 December 2010

Bangko Sentral hikes inflation forecast for next two years

Thursday, 30 December 2010
BY LAILANY P. GOMEZ REPORTER

THE Philippine central bank on Wednesday kept its key policy rates on hold for the 13th time amid manageable price trends and favorable economic conditions, but raised its inflation forecast for this year and the next two years.

At its last meeting for 2010, the policy-making Monetary Board decided to maintain the BSP’s key policy interest rates at 4 percent for the overnight borrowing or reverse repurchase (RRP) rate, and 6 percent for the overnight lending or repurchase (RP) rate..... MORE
Source:  Manila Times

URL: http://www.manilatimes.net/index.php/business-columns/36572-bangko-sentral-hikes-inflation-forecast-for-next-two-years