BSP keeps rates steady but hints of future hike

Sep 22, 2023 12:33 am

MONETARY authorities kept key interest rates steady on Thursday as expected but indicated the possibility of a rate hike in November due to inflationary risks.

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

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