BusinessWorld E-paper
February 16, 2024
THE PHILIPPINE central bank kept its benchmark interest rate — as expected — at a near 17-year high for a third straight meeting on Thursday, as policy makers remained watchful despite easing consumer prices.
The Bangko Sentral ng Pilipinas (BSP) left the target reverse repurchase rate (RRP) at 6.5% at its first policy meeting of the year, as predicted by 15 of 17 economists in a BusinessWorld poll last week. Interest rates on the overnight deposit and lending facilities were also left unchanged at 6% and 7%.
