BSP to tighten policy rates by 25 bps - analysts

Analysts expect the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to further tighten its policy stance at its meeting today (September 11) as part of measures to ensure its inflation targets are met.

Private analysts believe that the Monetary Board will implement another 25-basis point (bps) hike in its benchmark interest rates to 4 percent and 6 percent. The current rate for overnight borrowing, or reverse repurchase (RRP) facility stands at 3.75 percent, while the rate for overnight lending, or repurchase facility (RP) is at 5.75 percent.