Interest rates unchanged, inflation forecasts raised

Aug 18, 2023 1:01 am

MONETARY authorities opted to keep key interest rates steady on Thursday but raised inflation forecasts for this year up to 2025 to reflect latest economic developments.

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

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