BSP maintains policy settings in Q3

THE Bangko Sentral ng Pilipinas decided to maintain its key policy interest rate during its monetary policy meetings in August and September.

The interest rates for other monetary policy instruments were accordingly also kept steady.

Similarly, the reserve requirement ratios were left unchanged.

The BSP’s decision to maintain its policy stance was based on its assessment that the inflation environment remained manageable with inflation expectations firmly anchored to the inflation target over the policy horizon. (PR)
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