BSP keeps key policy rates

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The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to keep its key interest rates unchanged at its policy meeting on Thursday, the central bank governor said.

“The Monetary Board’s decision is based on its assessment that the inflation environment continues to be more manageable, with the risks to the inflation outlook remaining broadly balanced over the policy horizon,” BSP Governor Amando Tetangco Jr. said in a statement.

The rate for the overnight borrowing, or reverse repurchase (RRP) facility, stays at 4 percent and the rate for overnight lending, or repurchase facility remains at 6 percent.

The special deposit account (SDA) also remains at the current rate of 2.50 percent, as was the reserve requirement ratio (RRR) for banks at 21 percent.


MAYVELIN U. CARABALLO, REPORTER

 

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