BSP keeps policy rates unchanged


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

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 well as the reserve requirement ratio (RRR) for banks at 20 percent. MAYVELIN U. CARABALLO


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