MANILA, Feb. 13 (Xinhua) -- The Philippine central bank on Thursday said it decided to keep its target reverse repurchase rate at 5.75 percent, and the interest rates on the overnight deposit and lending facilities at 5.25 percent and 6.25 percent, respectively.

The latest inflation forecasts are not materially different from the previous forecasts in December 2024, said Bangko Sentral ng Pilipinas (BSP) in a press release.

For 2025, the risk-adjusted inflation forecast rose to 3.5 percent from 3.4 percent in the previous meeting of the BSP Monetary Board. The risk-adjusted forecast for 2026 is unchanged at 3.7 percent, the central bank said.

Inflation expectations remain within the target range, the BSP said, adding that the risks to the inflation outlook have become broadly balanced for 2025 and 2026.

"Nonetheless, upside pressures are seen to come from the utilities sector. The impact of lower import tariffs on rice remains the main downside risk to inflation," the central bank said. Enditem

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