BSP hikes key rates by 25 basis points

By The Manila Times

Jun 20, 2018 4:29 pm

MONETARY authorities on Wednesday raised key interest rates further to contain rising inflation.

The Bangko Sentral ng Pilipinas' (BSP) policy-setting Monetary Board raised its benchmark interest rate by 25 basis points, bringing the BSP's overnight borrowing, lending, and deposit rates to 3.50 percent, 4.00 percent and 3.25 percent, respectively.

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