BSP halts rate hikes with inflation slowing

May 19, 2023 12:25 am

MONETARY authorities opted to pause from further interest rate hikes on Thursday with inflation said to be now on a downward trajectory following a tightening cycle that began last year.

The Bangko Sentral ng Pilipinas' (BSP) overnight reverse repurchase, deposit and lending rates were maintained at 6.25 percent, 5.75 percent and 6.75 percent, respectively.

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