2013
25 April
At its meeting today, the Monetary Board decided to maintain the BSP's key policy interest rates at 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility. The reserve requirement ratios were kept steady as well. Meanwhile, the Monetary Board further reduced the interest rates on the Special Deposit Account (SDA) facility by 50 basis points to 2.0 percent across all tenors, effective immediately.
14 March
The Monetary Board decided to maintain the BSP's key policy interest rate at 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility. At the same time, it kept the rate for the overnight lending or repurchase (RP) facility at 5.50 percent. It also decided to set the interest rate on RRPs at 3.50 percent for all tenors. Following its previous decision to rationalize the Special Deposit Account (SDA) facility in January, the Monetary Board further reduced the interest rates on the SDA facility by 50 basis points to 2.50 percent across all tenors effective immediately. Meanwhile, the reserve requirement ratios were kept steady.
24 January
The Monetary Board decided to maintain the BSP's key policy interest rates at 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs and RPs were also maintained accordingly. The reserve requirement ratios were kept steady as well.
2012
13 December
The Monetary Board decided to maintain the BSP's key policy interest rates at 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The reserve requirement ratios were kept steady as well.
25 October
The Monetary Board decided to reduce the BSP's key policy interest rates by 25 basis points to 3.50 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.50 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also reduced accordingly. This is the fourth time this year that the BSP has cut its policy rates and brings the cumulative reduction in BSP policy rates in 2012 to 100 basis points.
13 September
The Monetary Board decided to maintain the BSP's key policy interest rates at 3.75 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.75 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The reserve requirement ratios were kept steady as well.
26 July
The Monetary Board decided to reduce the BSP's key policy interest rates by 25 basis points to 3.75 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.75 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also reduced accordingly. This is the third time this year that the BSP has cut its policy rates.
19 April, 14 June
The Monetary Board decided to keep the BSP's key policy rates at 4 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The reserve requirement ratios were kept steady as well.
01 March
The Monetary Board decided to reduce the BSP's key policy interest rates by 25 basis points to 4.0 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.0 percent for the overnight lending or repurchase (RP) facility, effective immediately. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also reduced accordingly. This rate cut follows the 25-basis-points reduction in policy rates that was implemented in January of this year.
19 January
The Monetary Board decided to reduce key policy interest rates by 25 basis points to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility.
2011
20 October, 1 December
The Monetary Board decided to maintain the overnight policy rates. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly. The reserve requirement ratios were also kept steady.
08 September
The Monetary Board decided to keep the overnight policy rates steady. At the same time, the reserve requirement ratios were kept unchanged.
28 July
The Monetary Board decided to maintain the BSP's key policy interest rates. At the same time, the Board increased anew the reserve requirement on deposits and deposit substitutes of all banks and non-banks with quasi-banking functions by one percentage point effective on 5 August 2011.
16 June
The Monetary Board decided to keep policy rates steady. At the same time, the Board decided to raise the reserve requirement on deposits and deposit substitutes of all banks and non-banks with quasi-banking functions by one percentage point effective on Friday, 24 June 2011.
05 May
The Monetary Board decided to increase by another 25 basis points the BSP’s key policy interest rates to 4.5 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.5 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also raised accordingly.
24 March
The Monetary Board decided to increase by 25 basis points the BSP’s key policy interest rates to 4.25 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.25 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also raised accordingly.
10 February
The Monetary Board decided to keep the BSP’s key policy interest rates steady at 4 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also left unchanged.
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