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)
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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