Interest rate rule schedule extended

Apr 15, 2019 12:12 am

Big banks have been given more time to comply with enhanced reporting of interest rates on loans and deposits to the central bank.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said its policymaking Monetary Board had approved the extension of a transitory period to the end of this year, with the effectivity date also moved to January 1, 2019.

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