THE Monetary Board, during its meeting on Thursday, June 20, 2019 has decided to keep the interest rate on the Bangko Sentral ng Pilipinas’ overnight reverse repurchase facility unchanged at 4.50 percent.

The interest rates on the overnight lending and deposit facilities were likewise held steady.

The board also forecasted that inflation remains likely to settle within the target range of three percent ± one percentage point for both 2019 and 2020. (PR)