BSP rates raised by half a percent

By Tiziana Celine Piatos

Aug 19, 2022 12:24 am

MONETARY authorities on Thursday raised key interest rates by 50 basis points (bps), acknowledging that inflation remained a threat to growth.

The adjustment — the fourth so far for 2022 — brought the Bangko Sentral ng Pilipinas' (BSP) overnight reverse repurchase, overnight deposit and overnight lending rates to 3.75 percent, 3.25 percent and 4.25 percent, respectively.

A general view of the Bangko Sentral ng Pilipinas Building in Malate, Manila. TMT FILE PHOTO

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