As expected, the Philippine central bank on Thursday kept its overnight borrowing or reverse repurchase rate at 4% and overnight lending or repurchase rate at 6%.
In a statement, the central bank said current policy interest rate settings remain appropriate. The inflation outlook remains manageable, with the latest BSP baseline projections indicating within-target inflation in 2010 and 2011 as demand-side pressures remain modest and inflation expectations well-contained.
Meanwhile, the current movements of asset prices, particularly in the equities and property markets, do not appear to pose any significant short-term challenges to the economy.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.