Monetary Board keeps rates steady

September 21, 2017

The Monetary Board n Thursday kept interest rate on the Bangko Sentral ng Pilipinas overnight reverse repurchase (RRP) facility at 3 percent.

The corresponding interest rates on the overnight lending and deposit facilities were kept steady while the reserve requirement ratios were left unchanged, the central bank said.

The Monetary Board’s decision is based on its assessment the inflation environment remains manageable.

Latest forecasts show the future inflation path will continue to be within the target range for 2017-2019. DMS