The key interest rates of the Bangko Sentral ng Pilipinas (BSP) were maintained at their record lows on Thursday as monetary authorities project the average inflation returning within target this year.

Overnight borrowing, lending and deposit rates were retained at 2.00 percent, 1.50 percent and 2.50 percent, respectively, following the central bank’s policymaking Monetary Board’s third rate-setting policy meeting for 2021.