Monetary Board keeps policy settings unchanged
The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s Target Reverse Repurchase (RRP) rate at 6.5 per cent. Thus, the interest rates on the overnight deposit and lending facilities shall remain at 6 and 7 per cent, respectively. IMAGE CREDIT: https://www.facebook.com/photo/?fbid=790097026486140&set=a.224721136357068 According to the […]