MANILA, Philippines (Xinhua) – The Banko Sentral ng Pilipinas today has decided to keep its low interest rate environment as inflation remains at a manageable level.
Benchmark interest rates for overnight borrowing and overnight lending remains unchanged at 4 percent and 6 percent, respectively. The Philippines has kept policy rates steady since July 2009.
“In deciding to keep the key policy rates steady, the Monetary Board noted that prevailing price and output conditions suggest that the stance of monetary policy continues to be appropriate for the time being. Core inflation has been stable and inflation expectations have so far remained manageable,” the central bank said in a statement.
The central bank said inflation forecasts continue to be within the target range of 3 to 5 percent for 2011 and 2012. Moderate growth in credit and liquidity is also expected to limit supply shocks. Sufficient food supply in the domestic market will also keep food prices stable. This even if a global grains shortage is spiking prices worldwide.
But the Monetary Board acknowledges that global food shocks and rising world oil prices present a risk to the country’s inflation outlook. –(philstar.com)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
