Philippines: Central Bank Maintains Key Policy Rates, Approves New Measures
MANILA, April19 — At its meeting today, the Monetary Board decided to maintain the BSP?s key policy interest rates at 7.5 percent for the overnight borrowing or reverse repurchase (RRP) rate and 9.75 percent for the overnight lending or repurchase (RP) rate. The tiering system on bank placements with the BSP was also retained.
