BSP hikes key rates by 25 basis points
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MONETARY authorities on Wednesday raised key interest rates further to contain rising inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board raised its benchmark interest rate by 25 basis points, bringing the BSP’s overnBSP hikes key rates by 25 basis points
MONETARY authorities on Wednesday raised key interest rates further to contain rising inflation. The Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board raised its benchmark interest rate by 25 basis points, bringing the BSP’s overnight borrowing, lending, and deposit rates to 3.50 percent, 4.00 percent and 3.25 percent, respectively. The Monetary Board, however, lowered its inflation forecasts [...] The post BSP hikes key rates by 25 basis points appeared first on The Manila Times Online. Read more