Monetary Board keeps interest rates steady

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)


SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!