Philippine central bank keeps rates on hold, as expected

24-Sep-2021 Intellasia | Reuters | 5:02 AM Print This Post

The Philippine central bank left its benchmark interest rate at a record low for a seventh consecutive policy meeting on Thursday, saying recent COVID-19 restrictions could hamper the domestic economy’s recovery.

The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at 2.0%, as expected by 17 of 18 economists surveyed by Reuters.


Category: Philippines

Print This Post

Leave a Reply

You must be logged in to post a comment.