THE Bangko Sentral ng Pilipinas (BSP) has maintained the 2 percent per month ceiling on the interest rate on unpaid credit card balance.
In a virtual briefing on Thursday, BSP Governor Benjamin Diokno said the central bank’s policy-making Monetary Board decided to retain the maximum interest rate or finance charge of 24 percent per annum or 2 percent per month on a cardholder’s unpaid outstanding credit card balance.
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