2014
23 October, 11 December
The Monetary Board decided to maintain the BSP's key policy rates at 4.00 percent for the overnight borrowing or reverse repurchase (RRP) facility and 6.00 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs, RPs and special deposit accounts (SDA) were also kept steady. The reserve requirement ratios were left unchanged as well.
11 September
The Monetary Board decided to increase the BSP's key policy 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. The interest rates on term RRPs, RPs, and special deposit accounts (SDA) were also raised accordingly. Meanwhile, the reserve requirement ratios were left unchanged.
31 July
The Monetary Board decided to increase the BSP's key policy 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. The interest rates on term RRPs and RPs were also raised accordingly. The rate on special deposit accounts (SDA) was left unchanged. Meanwhile, the reserve requirement ratios were also kept steady.
19 June
The Monetary Board decided to keep the BSP's key policy rates at 3.5 percent for the overnight borrowing or reverse repurchase (RRP) facility and 5.5 percent for the overnight lending or repurchase (RP) facility. The interest rates on term RRPs and RPs were also kept steady. The reserve requirement ratios were left unchanged as well. At the same time, the Monetary Board decided to raise the interest rate on the Special Deposit Account (SDA) facility by 25 basis points from 2.0 percent to 2.25 percent across all tenors effective immediately.
8 May
The Monetary Board decided to keep the BSP's key policy 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 as well as SDAs were also kept steady. Meanwhile, the Monetary Board decided to increase the reserve requirements for universal and commercial banks as well as thrift banks by a further one percentage point effective on 30 May 2014.
27 March
The Monetary Board decided to keep the BSP's key policy 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 as well as SDAs were also kept steady. Meanwhile, the Monetary Board decided to increase the reserve requirement by one percentage point effective on 4 April 2014.
6 February
The Monetary Board decided to keep the BSP's key policy 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 kept steady. The reserve requirement ratios were left unchanged as well.
2013
13 June, 25 July, 12 September, 24 October, 12 December
The Monetary Board decided to keep the BSP's key policy 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. The reserve requirement ratios were held steady as well.
25 April
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.
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