The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to keep the current key policy rates on the back of benign inflation environment.

In a press briefing on Thursday, BSP Governor Amando Tetangco Jr. said that interest rates for the overnight borrowing or reverse repurchase (RRP) facility is at 3.5 percent, while overnight lending or repurchase is at 5.5 percent. The reserve requirement ratios were kept steady as well.

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