The central bank of Philippines (BSP) is expected to keep interest rates unchanged at its event later in the week, suggested Lee Sue Ann, Economist at UOB Group. Key Quotes “BSP has slashed its policy rate by a total of 175bps to a new low of 2.25%, and the reserve requirement ratio (RRR) by a cumulative 200bps to 12.00%.” “Given narrowing real interest rates as headline inflation inches higher, BSP has limited room to ease policy rates. Hence, we expect BSP to keep rates unchanged in the near-term”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Five reasons for higher long-term rates – Morgan Stanley FX Street 2 years The central bank of Philippines (BSP) is expected to keep interest rates unchanged at its event later in the week, suggested Lee Sue Ann, Economist at UOB Group. Key Quotes “BSP has slashed its policy rate by a total of 175bps to a new low of 2.25%, and the reserve requirement ratio (RRR) by a cumulative 200bps to 12.00%.” “Given narrowing real interest rates as headline inflation inches higher, BSP has limited room to ease policy rates. Hence, we expect BSP to keep rates unchanged in the near-term”. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
