The Philippine central bank refrained from cutting rates further from the current record low as policymakers await the real impact of previous easing on the economy.
The Monetary Board of the Bangko Sentral ng Pilipinas, or BSP, on Thursday, retained the overnight reverse repurchase facility rate at a record low 2.25 percent.
The interest rates on the overnight deposit and lending facilities were also kept unchanged at 1.75 percent and 2.75 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.