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The policymaking Monetary Board of the Bangko Sentral ng Pilipinas (BSP) said it has decided to keep its monetary policy rates steady in the just concluded Thursday meeting.
The central bank’s Target Reverse Repurchase (RRP) Rate stays at 5.75 percent, the BSP said.
The interest rates on overnight deposit and lending facilities will remain at 5.25 percent and 6.25 percent, respectively, it said.
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BSP Governor and Monetary Board head Eli Remolona told reporters in a press conference although the risk to its inflation outlook has become broadly balanced for 2025, “upside pressures are seen [coming] from the utilities sector.”
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