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)
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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