BSP interest rates kept at record lows

By Mayvelin U. Caraballo

Sep 24, 2021 12:50 am

EVEN as monetary authorities forecast average inflation to surge beyond target this year, the Bangko Sentral ng Pilipinas (BSP) on Thursday has kept key interest rates at record lows to assist the Philippine economy.

The overnight borrowing, lending, and deposit rates were all remained at 2.00 percent, 1.50 percent, and 2.50 percent, respectively, following the central bank's Monetary Board's sixth rate-setting meeting for 2021.

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