New data Interest Rate Decision
2/13/2025
actual 5.75, previous 5.75
This event is an "Interest Rate Decision" for the currency PHP (Philippine Peso). The actual interest rate announced was 5.75%, which was the same as the previous rate. The market had estimated the interest rate to be 5.5%, so the actual rate was higher than expected.The impact of this event is considered "Medium", which means it could have a moderate effect on the currency and the overall economy. Interest rate decisions are important because they can influence borrowing costs, investment decisions, and overall economic activity. In this case, the decision to keep the interest rate unchanged at 5.75% may indicate the central bank's stance on economic conditions and its monetary policy outlook.
This is not investment advice. Remember to verify the information provided here.
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