Philippine Central Bank Leaves Rate at Record Low

The video discusses the Monetary Board's decision to keep interest rates steady, based on a manageable inflation outlook. It addresses potential pressures from the Fed's rate hikes and the BSP's readiness to respond. The impact of tax reforms on inflation forecasts is also covered, with adjustments made for 2017 and 2018. Finally, the video touches on the upcoming leadership transition at the BSP, with the deputy governor expressing readiness to take on new challenges.

What is the inflation target range mentioned in the text?

What are the potential consequences of the Fed's rate hiking cycle on the BSP?