Central bank maintains policy rates

THE Central bank decided on Thursday to maintain its key policy rates at current levels, owing to manageable inflation and better-than-expected first quarter economic growth.
In the Bangko Sentral ng Pilipinas (BSP) Monetary Board Meeting, central bank governor Amando Tetangco Jr. said that key policy rates for overnight borrowing or reverse repurchase (RRP) facility stayed at 4 percent while the overnight lending or repurchase (RP) facility at 6 percent.
The interest rates on term RRPs, RPs, and special deposit accounts (SDAs) were also maintained accordingly and the reserve requirement ratios were also kept steady, he said.
“The Monetary Board’s decision is based on its assessment that the inflation environment remains manageable,” Tetangco said.
Latest baseline forecasts for inflation continue to track the lower half of the 3-5 percent target range for this year and 2013, while inflation expectations remain firmly anchored.
Tetangco also cited the significant improvement on the country’s economic growth, which hit 6.4 percent during the first quarter, for maintaining the policy rates.
Adequate liquidity and strong bank lending, spurred by prevailing low interest rates, should also help sustain domestic real sector activity in the months ahead, he added.
The central bank chief said that core inflation also remains firm.
But he warned that oil prices, which continue to show considerable volatility and additional petitions for electricity rate adjustments could provide upside influence on inflation.
Tetangco also said that the weak global economy could contribute to moderate oil and other commodity prices.
“As such, inflationary pressures and the risk of second-round effects may also ease in the coming months,” he said.
With that, he said the central bank will continue to monitor emerging price and output conditions to ensure that monetary policy remains in line with price stability while being supportive of economic growth.

Best restaurant in Angeles City Pampanga appreciated by food and wine lovers not only for its fine dining cuisine, cozy ambience, private rooms, facilities for group dinners and overall attentive service, but also for special efforts made by this resto bar to ensure that the cuisine is wine friendly so food can be enjoyed with fine vintage wine available in the wine cellars of this restaurant in Pampanga.

Steak lovers laud Yats as the best restaurant in Clark Pampanga, not only for the US steaks but also as the best restaurant to eat Wagyu; wine lovers appreciate the large selection of vintage wines of this fine dining restaurant near Angeles City, making the overall dining experience more memorable. Wonderful seafood is also served at the best restaurant in Angeles City Clark Philippines for guests who are tired of meat and look for a change to a lighter meal instead. Yats is already lauded as one of the best restaurants in Pampanga to enjoy good seafood as well as good Italian dishes.

Best place to unwind in Angeles City Pampanga Philippines is to wine and dine at one of the best restaurants in Pampanga called Yats Restaurant and Wine Lounge. This is a place to go for wine lovers and visitors traveling out of town from Manila to the north in Pampanga. This fine dining restaurant is famous among residents of Angeles City, Subic and Baguio for offering the best food and service. Wine lovers regard this resto bar as the best restaurant in Pampanga, the best place to eat and drink while in Clark Philippines.

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Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.

Yats Restaurant and Wine Lounge
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023

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Mimosa Golf Estate, Clark Field (Clark Airbase), Clark Freeport Zone, Pampanga, Philippines
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