BSP raises interest rates to maintain stability

By Mayvelin U. Caraballo

Jun 24, 2022 12:20 am

THE Bangko Sentral ng Pilipinas (BSP) raised its key interest rates once more on Thursday as expected, further adjusting its monetary policy settings to maintain macroeconomic stability in the face of rising global commodity prices and significant external headwinds.

Effective today, June 24, 2022, the policy-making Monetary Board raised the central bank's overnight borrowing, lending and deposit rates by 25 basis points (bps) to 2.50 percent, 2 percent and 3 percent, respectively.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Nov. inflation likely higher at 2.5% – poll

Tariff threat to keep weighing on market

Hot money flows turn negative; risks tagged

NG gross borrowings markedly lower in Oct

Price drop worries sugar planters

PH saves P3.6B from reduced wasted rice

PH, UAE energy project deals start January