BSP likely to maintain interest rates

The country’s monetary authority are likely to maintain current key interest rates of the Bangko Sentral ng Pilipinas (BSP) at its sixth rate-setting meeting this year, analysts said.

HSBC and IHS Markit analysts said the central bank’s overnight borrowing, lending and deposit rates will likely be retained at 2.25 percent, 1.75 percent and 2.75 percent on Thursday this week.