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Global Economic News

Philippine Central Bank Keeps Rate Unchanged

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Bangko Sentral ng Pilipinas kept its policy rates untouched on Thursday after an off-cycle rate hike in October and hinted at more tightening if required to steer inflation towards a target-consistent path.The Monetary Board, led by Governor Eli Remolona, maintained the target reverse repurchase rate at 6.50 percent.Accordingly, the interest rates on the overnight deposit and lending facilitie...

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