Rates to be kept low in the Philippines to support reconstruction

Today’s decision by the central bank in the Philippines (BSP) to keep interest rates on hold at a record low of just 3.5% came as no surprise. With the recent increase in inflation likely to prove temporary, we think the central bank will look to keep interest rates at their current levels until the end of 2014.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.