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Monetary Policy Decisions
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Monetary Policy Decisions

2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

2006

14 December
The Monetary Board decided to keep the BSP’s key policy interest rates steady at 7.5 percent for the overnight borrowing or reverse repurchase (RRP) rate and 9.75 percent for the overnight lending or repurchase (RP) rate.  The tiering scheme on bank placements with the BSP was also maintained.

02 November
The BSP maintained the BSP's policy interest rates at 7.5 percent for the overnight borrowing or reverse repurchase (RRP) rate and 9.75 percent for the overnight lending or repurchase (RP) rate. At the same time, the BSP adopted a tiering scheme on banks' aggregate placements with the BSP under the RP/RRP and special deposit accounts (SDA) windows.

21 September , 10 August, 1 and 29 June, 4 May, 6 April, 9 March, 9 February and 12 January 2006
The Monetary Board maintained the BSP's policy interest rates at 7.5 percent for the overnight borrowing or reverse repurchase (RRP) rate and 9.75 percent for the overnight lending or repurchase (RP) rate.

2005

17 November 2005 and 15 December 2005
The Monetary Board decided to maintain the BSP's policy interest rates at 7.5 percent for the overnight borrowing or RRP rate and 9.75 percent for the overnight lending or RP rate.

20 October 2005
The Monetary Board decided to increase the BSP’s policy interest rates by 25 basis points to 7.5 percent for the overnight borrowing or RRP rate and 9.75 percent for the overnight lending or RP rate.

22 September 2005
The Monetary Board decided to increase the BSP’s policy interest rates by 25 basis points to 7.25 percent for the overnight borrowing or RRP rate and 9.5 percent for the overnight lending or RP rate.

5 May, 2 and 30 June, 28 July and 25 August 2005
The Monetary Board decided to maintain the BSP's key overnight RRP and RP rates unchanged at 7.0 percent and 9.25 percent, respectively.

7 April 2005
The Monetary Board decided to raise the overnight RRP and RP rates by 25 basis points each to 7.0 percent and 9.25 percent, respectively.

13 January, 10 February, 10 March 2005
The Monetary Board decided to maintain the BSP’s key overnight RRP and RP rates unchanged at 6.75 percent and 9.0 percent, respectively.

 

 
 
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