Philippines Holds Benchmark Interest Rate Steady at 2.25%
[Asia Economy Reporter Moon Jiwon] The Central Bank of the Philippines kept the benchmark interest rate at 2.25% as of the 20th.
According to Dow Jones on the 20th, the Central Bank of the Philippines maintained the overnight repurchase rate, the benchmark interest rate, at 2.25%.
The Philippine benchmark interest rate was 4% at the end of last year, but it was lowered by a total of 1.75 percentage points in four rounds this year to overcome the economic crisis caused by the spread of the novel coronavirus infection (COVID-19).
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On the same day, the Central Bank of the Philippines also kept the reference lending rate at 2.75%.
This content was produced with the assistance of AI translation services.
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