BSP keeps interest rate at 4.75%

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The Bangko Sentral ng Pilipinas (BSP) decided to hold policy settings steady on Thursday.

“The Monetary Board (MB) decided to keep the interest rate on the BSP’s overnight reverse repurchase (RRP) facility unchanged at 4.75 percent,” the BSP said.

“The interest rates on the overnight lending and deposit facilities were likewise held steady,” it added.

According to the MB, this decision stemmed from its assessment of a more manageable inflation environment.

p: wjg

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