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Monetary Policy

Monetary Policy Decisions


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2020

16 Apr

The Monetary Board assessed the impact of the COVID-19 pandemic on the Philippine economy. During the meeting, the Monetary Board decided to cut the interest rate on the BSPís overnight reverse repurchase (RRP) facility by 50 basis points (bps) to 2.75 percent, effective Friday, 17 April 2020. The interest rates on the overnight lending and deposit facilities were reduced to 3.25 percent and 2.25 percent, respectively.

19 Mar

The Monetary Board decided to cut the interest rate on the BSP's overnight reverse repurchase (RRP) facility by 50 basis points (bps) to 3.25 percent, effective Friday, 20 March 2020. The interest rates on the overnight lending and deposit facilities were reduced to 3.75 percent and 2.75 percent, respectively.

06 Feb

The Monetary Board decided to cut the interest rate on the BSP’s overnight reverse repurchase (RRP) facility by 25 basis points (bps) to 3.75 percent. The interest rates on the overnight lending and deposit facilities were reduced to 4.25 percent and 3.25 percent, respectively.