Interest Rates Remain Steady

The Bangko Sentral ng Pilipinas (BSP) kept interest rates steady amid a manageable inflation environment and sustained economic growth. Rates were maintained at 3.5 percent for the overnight lending facility, three percent for the overnight reverse repurchase facility, and 2.5 percent for the overnight deposit facility. Reserve requirement ratio was also unchanged at 20 percent. Domestic economic activity is seen to remain firm,…

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