MANILA, Philippines—Following a surprise jump in prices in November, the central bank on Thursday (Dec. 17) decided to keep its key interest rates unchanged at their historic lows, noting that the current inflation environment “remains benign.”
At an online press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the Monetary Board decided to maintain the interest rate on the regulator’s overnight reverse repurchase facility at 2 percent at the seven-man group’s final rate setting meeting for 2020.
The interest rates on the overnight deposit and lending facilities were likewise kept at 1.5 percent and 2.5 percent.
“The latest baseline forecasts have rise…
Keep on reading: BSP keeps key interest rates, already at historic lows, unchanged