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Markets

Philippine central bank keeps key rate at record low, as expected

  • The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at a record low of 2.0%, as predicted by all 13 economists in a Reuters poll.
Published February 11, 2021

MANILA: The Philippine central bank left key interest rates steady on Thursday, as expected, saying current monetary policy settings were appropriate as inflation is still expected to stay firmly within target over the policy horizon.

The Bangko Sentral ng Pilipinas (BSP) kept the rate on the overnight reverse repurchase facility at a record low of 2.0%, as predicted by all 13 economists in a Reuters poll.

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